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2130 Center Avenue

Scott Heagney Purchases Development Site From Weiss Realty In Fort Lee For $1.8M
SOLDDevelopment Site

Scott Heagney Purchases Development Site From Weiss Realty In Fort Lee For $1.8M

2130 Center Avenue

$1,800,000

$131/SF

Building Size

13,700 SF

Asset Type

Development Site

Closing

Sep 9, 2025

AI

A 13,700-square-foot multifamily development site located at 2130 Center Avenue in Fort Lee, N.J., was sold for $1.8 million. The development site is approved for 24 units and is situated within a notable market area.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,800,000
  • Square Footage: 13,700
  • Address: 2130 Center Avenue
  • Market: Fort Lee
  • Price per Square Foot: $131
  • Buyer: Scott Heagney
  • Seller: Weiss Realty
  • Broker: Bruce Elia - Keller Williams Realty

In this transaction, Bruce Elia represented both the seller, Weiss Realty, and the buyer, Scott Heagney, facilitating the sale of the development site in Fort Lee, New Jersey.

Players

Bruce Elia

Keller Williams Realty

Broker

$16.9M

vol

6 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Fort Lee Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93