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Westnorm Properties Acquires Development Site In Hackensack For $1.75M

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SOLD
$1,750,000

New Jersey

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Development Site38,000 SF
Sold 04/19/2022
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Property Image
SOLD

Westnorm Properties Acquires Development Site In Hackensack For $1.75M

134 Sussex Street, Hackensack, New Jersey 07601, United States

See Similar Deals
Development Site38,000 SF
Sold 04/19/2022
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$46
Total Square Footage:38,000 SF
Transaction Type:Sale

A development site located at 134 Sussex St in Hackensack (Essex Train Station) has been sold in a recent transaction. The property spans 38,000 square feet and is classified as a development site. The sale price amounted to $1,750,000, slightly lower than the asking price of $1,800,000. The property consists of 28 units, resulting in a price per unit of $62,500. The price per square foot is approximately $46.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $1,750,000
  • Address: 134 Sussex St
  • Market: Hackensack (Essex Train Station)
  • Buyer: Westnorm Properties
  • Seller: HHH Properties LLC
  • Broker: Bobby Antonicello Jr. - Grid Real Estate
  • Units: 28
  • Price Per Unit: $62,500
  • Square Footage: 38,000
  • Price Per Square Foot: $46

The deal was facilitated by Bobby Antonicello Jr. from Grid Real Estate, who represented the buyer and seller in the transaction of this development site.

Players

Robert (Bobby) Antonicello Jr
Grid Real Estate
Robert Antonicello Jr
18 deals$247.4M volume
BROKER
HL
HHH Properties LLC
SELLER

Details

SOLD
IMAGE: Bobby Antonicello Jr. DATE: 04/19/2022 ADDRESS: 134 Sussex St MARKET: Hackensack (Essex Train Station) ASSET TYPE: Development Site BUYER: Westnorm Properties SELLER: HHH Properties LLC BROKER: Bobby Antonicello Jr. (@BobbyAntonicelloJr) - Grid Real Estate (@GridRealEstate) ASKING PRICE: $1,800,000 SALE PRICE: $1,750,000 UNITS: 28 ~ PPU: $62,500 SF: 38,000 ~ PPSF: $46

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