SOLD
QCRE Sells Development Site On Norfolk St In Newark For $3.4M
86-96 Norfolk Street
Development Site
16,000 SF
16,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Development Site
16,000 sqft
A development site located at 86-96 Norfolk St in Newark has been sold for a price of $3,435,000. The property was assembled and sold by QCRE on behalf of the three owners. The development site consists of three parcels, with a total buildable square footage of 16,000. The price per buildable square footage is $215.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,435,000
- Address: 86-96 Norfolk St, Newark
- Market: Newark
- Broker: Ryan Cerqueira - QCRE
Ryan Cerqueira from QCRE served as the broker in this deal, representing the three owners of the development site. The sale of the parcels was executed seamlessly, allowing for the consolidation of the three properties into one development site for future expansion or construction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Ryan Cerqueira
DATE: 05/06/2022
ADDRESS: 86-96 Norfolk St
MARKET: Newark
ASSET TYPE: Development Site
BROKER: Ryan Cerqueira (@RyanCerqueira) - QCRE (@TheQuinasCos)
SALE PRICE: $3,435,000
BSF: 16,000 ~ PPBSF: $215
NOTE FROM BROKER: QCRE assembled the three properties and sold the parcels on behalf of the three owners as a development site.View on map
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Address86-96 Norfolk Street
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