The property asset involved in this transaction is a development site located at 808 Pavonia Avenue in Jersey City. The sale was finalized for a total price of $48,500,000. The site encompasses an area of 87,120 square feet, which translates to a price per square foot of $556.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $48,500,000
• Square Footage: 87,120
• Price Per Square Foot: $556
• Buyer: Jonathan Kushner & Murray Kushner
• Seller: Leslie Harwood
• Brokers: Robert Antonicello Jr & Robert Antonicello - Grid Real Estate
• Brokers: Mark DeLillo, Marc Schulder, Lee Spiegelman & Felipe Marin - BlueGate Partners

This transaction prominently features the participation of Robert Antonicello Jr and Robert Antonicello from Grid Real Estate, who represented the buyers in this deal. Additionally, Mark DeLillo, Marc Schulder, Lee Spiegelman, and Felipe Marin from BlueGate Partners played a crucial role in representing the seller, Leslie Harwood, in the successful closure of this sale.