Amar Mody & Basilio Rivera Of Sotheby's Int. Realty Acquire Development Site In Jersey City For $6.25M | 61-63 Sip Avenue | Amar Mody, Basilio Rivera | Development Site | Sale

Summary

Sale

NEW JERSEY

Development Site

An approved development site in Jersey City's Journal Square section has been sold for a price of $6,250,000. The property, located at 61-63 Sip Avenue, offers the potential for a 72-unit development. The transaction was facilitated by the buyer's representatives, Amar Mody and Basilio Rivera of Prominent Properties Sotheby's International Realty.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $6,250,000
Address: 61-63 Sip Avenue
Market: Jersey City
Buyer's Rep: Amar Mody & Basilio Rivera - Sotheby's International Realty

This successful sale marks another achievement for Amar Mody and Basilio Rivera of Prominent Properties Sotheby's International Realty. Their expertise and representation have proved beneficial in the acquisition of this development site in the Journal Square area of Jersey City.

Players

All
3

Agents
2
Agencies
1

$8.3M Sold

$7.5M Sold

Sotheby's International Realty

Details

Deal Summary

SOLD

IMAGE: Amar Mody & Basilio Rivera DATE: 12/27/2023 ADDRESS: 61-63 Sip Avenue MARKET: Jersey City ASSET TYPE: Development Site BUYER'S REP: Amar Mody (@TheModyTeam) & Basilio Rivera (@Basiliochilltown) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $6,250,000 NOTE FROM BUYER'S REP: This parcel was fully approved for a 72 unit development in the Journal Square section of Jersey City with Amar Mody and Basilio Rivera of Prominent Properties Sotheby's International Realty representing the Buyer.

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Address 61-63 Sip Avenue

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