B6 Real Estate Advisor New York City (NYC)-based investment sales and capital advisory brokerage (B6), led by industry veteran Paul J. Massey, Jr., has four nearly 50,000 square feet of land in New York’s Hudson and Union counties. announced the sale of real estate.Jersey, valued at $12.75 million
“These deals demonstrate B6’s continued growth across the New Jersey market,” said Yanni Marmarou, director of B6. “The New Jersey market is becoming increasingly competitive as New York prices rise. Two trends we are seeing are demand for multifamily and industrial properties. It shows the movement in these areas as investors quickly jumped on the opportunity.”
Recent sales include:
· 106-116 & 118-126 Halladay Street, Jersey City, NJ
o This 27,500 square foot development site was purchased by Halladay Plaza LLC for $5,725,000. The property is located on the north side of Halladay Avenue between Carteret Avenue and Forest Street. Buyers are looking at a wide range of uses for the site, including senior housing, assisted living, market value, or a combination of all three.
· 6006 Kennedy Boulevard, West New York, NJ
o This 6-unit, 5,250-square-foot mixed-use building was purchased by Burhan Management for $1,275,000. The 3-story property consists of 5 residential units and 1 retail unit on the ground floor. The property is located on the west side of West New York on John F. Kennedy Boulevard.th and 61st street. The buyer intends to hold this as a value-added investment property.
· 423 Bacheller Avenue & 2400 Urbanowitz Avenue, Linden, NJ
o These properties total 11,376 sq ft (6,000 sq ft warehouse and 5,376 sq ft vacant lot). These properties were purchased together for $1,250,000 and will be used by the distribution company. The warehouse is located at 423 Bacheller Avenue just south of U.S. 1 and 9 and the vacant lot is located at 2400 Urbanowitz Avenue on the corner of Urbanowitz and Bacheller Avenues.
· 2005 Kennedy Boulevard, Jersey City, NJ
o This 5,700 square foot property was purchased by Titanium Capital Partners for $4,500,000. This property is a 25 unit apartment complex consisting of 20 one bedroom units and 5 two bedroom units. The property is located in the West Bergen section of Jersey City on the corner of Audubon Avenue and Kennedy Boulevard. The buyer intends to continue to operate the property for use in an apartment complex.
For more information on B6’s visit and its presence in New Jersey, see below. https://b6realestateadvisors.com/
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