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Amar Mody & Basilio Rivera Of Sotheby's Int. Realty Acquire Development Site In Jersey City For $6.25M

Property Image
SOLD
$6,250,000
Amar Mody
Basilio Rivera

New Jersey

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Development Site
Sold 12/27/2023
the dealplayerscompscontact
Property Image
SOLD

Amar Mody & Basilio Rivera Of Sotheby's Int. Realty Acquire Development Site In Jersey City For $6.25M

61 Sip Avenue & 63 Sip Avenue

See Similar Deals
Development Site
Sold 12/27/2023
Amar Mody
Basilio Rivera
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale

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

Amar Mody
Sotheby's International Realty
Amar Mody
7 deals$27M volume
BROKER
Basilio Rivera
Sotheby's International Realty
Basilio Rivera
6 deals$26.1M volume(201) 240-8048
BROKER

Details

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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0.94x

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