SOLD
Marcus & Millichap Sells 49-51 Morton Place Development Site In Jersey City For $5M
49-51 Morton Place Jersey City
Development Site
54,000 SF
54,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Development Site
54,000 sqft
The Morton Place Assemblage, consisting of 12 parcels, was sold as a Multifamily redevelopment site in Jersey City, NJ. The development site is located at 49-51 Morton Place. The transaction took place on 08/23/2021. Jonathan Zamora and John Sala from Marcus & Millichap represented the parties involved in the deal.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Address: 49-51 Morton Place, Jersey City, NJ
- Market: Jersey City, NJ
- Brokers: Jonathan Zamora & John Sala - Marcus & Millichap
- BSF: 54,000
- PPBSF: $93
The sale of the Morton Place Assemblage offers a lucrative opportunity for multifamily redevelopment in Jersey City. The involvement of Jonathan Zamora and John Sala from Marcus & Millichap highlights the expertise and reputation of these brokers in facilitating successful real estate transactions.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Jonathan Zamora
DATE: 08/23/2021
ADDRESS: 49-51 Morton Place Jersey City
MARKET: Jersey City, NJ
ASSET TYPE: Development Site
BROKERS: Jonathan Zamora (@JonathanZamora.CRE) & John Sala - Marcus & Millichap
SALE PRICE: $5,000,000
BSF: 54,000 ~ PPBSF: $93
NOTE: The Morton Place Assemblage (12 Parcels) was sold as a Multifamily redevelopment site.View on map
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Address49-51 Morton Place Jersey City
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