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B6 Real Estate Advisors Facilitates $15.15M Sale Of Development Site In Jersey City

Property Image
SOLD
$15,150,000
Andrea (Dre) Nestico
Jack Drillock
Yanni Marmarou

New Jersey

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Development Site67,518 SF
Sold 09/19/2022
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Property Image
SOLD

B6 Real Estate Advisors Facilitates $15.15M Sale Of Development Site In Jersey City

100 Forrest Street, Jersey City, New Jersey 07304, United States

See Similar Deals
Development Site67,518 SF
Sold 09/19/2022
Andrea (Dre) Nestico
Jack Drillock
Yanni Marmarou
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$224
Total Square Footage:67,518 SF
Transaction Type:Sale

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

Yanni Marmarou
Investment Property Realty Group (IPRG)
Yanni Marmarou
36 deals$150.8M volume(718) 360-5059
BROKER
Jack Drillock
Investment Property Realty Group (IPRG)
Jack Drillock
19 deals$99.2M volume(718) 360-5432
BROKER
Andrea (Dre) Nestico
Investment Property Realty Group (IPRG)
Andrea Nestico
11 deals$74.9M volume
BROKER
B6 Real Estate Advisors
B6 Real Estate Advisors
BROKERAGE

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.

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