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Echevarria Properties Acquires Development Site On River Road In West New York For $5.75M

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SOLD
$5,750,000

New Jersey

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Development Site20,000 SF
Sold 10/30/2023
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Property Image
SOLD

Echevarria Properties Acquires Development Site On River Road In West New York For $5.75M

6600 River Road

See Similar Deals
Development Site20,000 SF
Sold 10/30/2023
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$287
Total Square Footage:20,000 SF
Transaction Type:Sale

A development site located at 6600 River Road in West New York, NJ has been sold for a price of $5,750,000. Spanning over 20,000 square feet, this property offers unobstructed views of the Manhattan skyline and provides convenient access to major roads and public transportation. The transaction was facilitated by brokers Robert Antonicello and Robert Antonicello Jr. from Grid Real Estate.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,750,000
  • Address: 6600 River Road, West New York, NJ
  • Market: West New York, NJ

The buyer, Echevarria Properties, represented by Mario Echevarria, acquired the property from 6600 River Road Associates, led by Achille Scialoia. Echevarria Properties plans to develop E Residences on the Hudson, a luxury resort-style living project consisting of 133 units. The development will boast a range of amenities, including rooftop green terraces, indoor and outdoor pools, a community lounge, a theater room, a business center, and a state-of-the-art fitness center.

With its prime location and extensive amenities, E Residences on the Hudson aims to redefine luxurious living in the area. The deal showcases the vision of Echevarria Properties and the commitment of all parties involved in bringing this development to life.

Players

Robert (Bobby) Antonicello Jr
18 deals$247.4M volume
BROKER

Bob Antonicello
Grid Real Estate
4 deals$194.3M volume
BROKER

BUYER

Details

SOLD
IMAGE: Robert Antonicello & Robert Antonicello Jr DATE: 10/30/2023 ADDRESS: 6600 River Road MARKET: West New York, NJ ASSET TYPE: Development Site BUYER: Echevarria Properties - Mario Echevarria SELLER: 6600 River Road Associates - Achille Scialoia BROKERS: Robert Antonicello & Robert Antonicello Jr. - Grid Real Estate (@GridRealEstate) SALE PRICE: $5,750,000 SF: 20,000 ~ PPSF: $288 NOTE FROM BROKERS: E Residences on the Hudson is a 133 unit site. Located in one of the best locations on River Road. The site offers unobstructed views of the Manhattan skyline and easy access to major roads and public transportation. This new development by Echevarria Properties promises to establish a new level of luxury resort-style living. The development will offer rooftop green terraces, indoor and outdoor pools, a community lounge, a theater room, business center, state-of-the-art fitness center and many more amenities.

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