Gold Coast Builders Acquires Development Site In Jersey City For $2.55M

A development site located at 511 Newark Ave in Jersey City has been sold. The property, measuring 5,000 square feet, was sold by Pompillio to Gold Coast Builders. The sale price for the site was $2,550,000, with an asking price of $2,500,000. This translates to a price per square foot of $510.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,550,000
• Address: 511 Newark Ave, Jersey City
• Market: Jersey City
• Buyer: Gold Coast Builders
• Seller: Pompillio
• Broker: Tom Misuraca - Keller Williams Realty

Tom Misuraca of Keller Williams Realty represented the buyer, Gold Coast Builders, in this transaction. The deal was closed on 03/22/2022. Both the buyer and seller were able to reach an agreement on the sale price, resulting in a successful transaction.