Teaneck Urban Renewal Acquires Development Site In Teaneck For $9.8M

A development site located at 329 Alfred Ave in Teaneck has been sold for a price of $9,830,000. The property has a total square footage of 300,000, resulting in a price per square foot of $32. The transaction took place on October 1, 2021.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $9,830,000
• Address: 329 Alfred Ave
• Market: Teaneck

The buyer of the property was Teaneck Urban Renewal, while the seller was 329 Alfred Corp. Representing both parties in the deal were John Krueger, Casey Egan, Daniel Aviles, and Steven J. Siegel from Marcus & Millichap.

This transaction highlights the successful collaboration between Teaneck Urban Renewal and 329 Alfred Corp, facilitated by the experienced brokers John Krueger, Casey Egan, Daniel Aviles, and Steven J. Siegel from Marcus & Millichap.