Billy Procida Sells Development Site At 70 Spruce Street Paterson For $6 Million

The property asset involved in the transaction is a development site located at 70 Spruce Street in Paterson. The sale price is $6,000,000, with a building square footage of 234,000 and a price per building square foot of $25. The total square footage is also 234,000, with a price per square foot of $25.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,000,000
• Building Square Footage: 234,000
• Price Per Building Square Foot: $25
• Total Square Footage: 234,000
• Price Per Square Foot: $25
• Seller: Billy Procida
• Broker Representatives: Yanni Marmarou & Homer DeLeon - Investment Property Realty Group (IPRG)
• Date of Transaction: 05/06/2026

The deal involves broker representatives Yanni Marmarou and Homer DeLeon, who are affiliated with Investment Property Realty Group (IPRG). They played a pivotal role in facilitating this transaction on behalf of the seller, Billy Procida.