Yuval Shram Acquires 200-Unit Development Site In Jersey City For $9.35M

The development site located at 301 West Side Avenue in Jersey City was sold for $9,350,000. Spanning 10,000 square feet, the property was successfully acquired by Tay Investments.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $9,350,000
• Address: 301 West Side Avenue
• Market: Jersey City
• SF: 10,000
• BUYER: Yuval Shram - Tay Investments
• SELLER: Mark Schwartz
• BROKERS: Andrea Nestico, Griffin Westlin, Homer DeLeon, Yanni Marmarou, Jack Drillock, William Willoughby & Kelly Bastidas - Investment Property Realty Group (IPRG)
• NOTE: The site faced entitlement and environmental hurdles before being acquired by Tay Investments.

Representing both the buyer and the seller in this transaction was Yanni Marmarou of Investment Property Realty Group (IPRG). The successful negotiations between both parties culminated in the sale of the property, reflecting the continued investor confidence in the West Side neighborhood of Jersey City.