SOLD
B6 Real Estate Advisors Facilitates $15.15M Sale Of Development Site In Jersey City
100 Forrest Street
Development Site
67,518 SF
67,518 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Development Site
67,518 sqft
A development site located at 100 Forrest Street in Canal Crossing, Jersey City has been sold for a price of $15,150,000. The site spans a total area of 67,518 square feet, resulting in a price per square foot of $224.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $15,150,000
- Address: 100 Forrest Street
- Market: Canal Crossing, Jersey City
The seller's representatives in this transaction were Yanni Marmarou, Jack Drillock, and Dre Nestico from B6 Real Estate Advisors. It is worth noting that this is the second sale of a development site in the Canal Crossing market by the Marmarou Team in 2022.
The Marmarou Team has been actively involved in the Jersey City market, with over $55 million in total land sales over the past year. Additionally, they have a 365 unit site in the West Side Market that is scheduled to close before the end of the year.
Players
Details
SOLD
IMAGE: Yanni Marmarou, Jack Drillock & Dre Nestico
DATE: 09/19/2022
ADDRESS: 100 Forrest Street
MARKET: Canal Crossing, Jersey City
ASSET TYPE: Development Site
SELLER'S REP: Yanni Marmarou (@ThatBrokerYanni), Jack Drillock (@JDrills21) & Dre Nestico (@Dre_Nestico) -(@TheMarmarouTeam_B6) - B6 Real Estate Advisors (@B6RealEstate)
SALE PRICE: $15,150,000
SF: 67,518 ~ PPSF: $224
NOTE FROM BROKERS: This is the 2nd sale of a development site in the Canal Crossing market by the Marmarou Team in 2022.
In total, the Marmarou Team is responsible for over $55m in total land sales in the Jersey City market over the past year, with an additional 365 unit site scheduled to close before the end of the year in the West Side Market.View on map
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Address100 Forrest Street
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