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Portex Inc. Acquires Industrial Land In Irvington For $2.05M

Property Image
SOLD
$2,050,000

New Jersey

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Industrial7,199 SF
Sold 06/11/2020
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Property Image
SOLD

Portex Inc. Acquires Industrial Land In Irvington For $2.05M

71-89 Cordier St, Irvington, NJ, USA

See Similar Deals
Industrial7,199 SF
Sold 06/11/2020
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$284
Total Square Footage:7,199 SF
Transaction Type:Sale

An industrial land located at 71-89 Cordier St. in Irvington has been sold for a total price of $2,050,000. The property spans over an area of 1.25 acres, resulting in a price per acre (PPA) of $1,640,000. The transaction was completed on June 11, 2021, with Portex Inc. as the buyer and Zev Steinmetz from Gramercy Real Estate Services LLC representing the buyer. Jason Lynch from Lee & Associates acted as the seller's representative in the deal.

Summary of transaction details

  • Property Type: Industrial Land
  • Transaction Amount: $2,050,000
  • Address: 71-89 Cordier St.
  • Market: Irvington
  • Acres: 1.25
  • Price Per Acre (PPA): $1,640,000

Zev Steinmetz from Gramercy Real Estate Services LLC represented Portex Inc. as their broker in this transaction. This successful sale of the industrial land highlights the involvement of key individuals and companies, such as Portex Inc. as the buyer and Zev Steinmetz and Jason Lynch as the buyer's and seller's representatives, respectively.

Players

Zev Steinmetz
5 deals$26.5M volume
BROKER

Jason Lynch
Lee & Associates
2 deals$15.1M volume
BROKER

Details

SOLD
IMAGE: Zev Steinmetz & Jason Lynch DATE: 06/11/2021 ADDRESS: 71-89 Cordier St. MARKET: Irvington ASSET TYPE: Industrial Land BUYER: Portex Inc. BUYER'S REP: Zev Steinmetz - Gramercy Real Estate Services LLC SELLER'S REP: Jason Lynch - Lee & Associates SALE PRICE: $2,050,000 ACRES: 1.25 ~ PPA: $1,640,000

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