8B — June 14 - 27, 2019— Northern New Jersey — M id A tlantic
Real Estate Journal
www.marej.com
N orthern N ew J ersey
Properties include 53 Wright Ave., a 12-unit multifamily asset in Jersey City’s Journal Square Matovski & Nendze of Redwood Realty closes over $7 million in Hudson County transactions H tain value-add assets in thriv- ing and highly sought-after neighborhoods,” said Matovs- additional two transactions that included a fractured con- dominium sale and an 18-unit
UDSON COUNTY, NJ — Redwood Re- alty Advisors has successfully completed several multifamily/mixed-use sales totaling more than $7 mil- lion in Hudson County. The properties sold include 53 Wright Ave., a 12-unit multi- family asset in Jersey City’s Journal Square neighborhood that traded for $1.95 million. The firm also closed on three properties in Jersey City’s Greenville neighborhood, which collectively sold for a purchase price of $2.4 million. In Bayonne, the firm closed an
property for a combined $2 . 95 mi l - lion. Redwood’s Steven Ma- tovski and C h r i s t o - pher Nen- dze arranged t h e s a l e s ,
ki, a director at Redwood. “We attract- ed multiple bidders for each prop- erty, which enabled us t o s e c u r e m a x i m u m value for our
Steven Matovski
Christopher Nendze
representing both the sellers and purchasers in each trans- action. “Each property offered an excellent opportunity to at-
clients,” added Nendze, an investment associate at the firm. Team Resources facilitates 15,700 + s/f lease BELVIDERE, NJ — Ed Schein and Jeff Fulton completed the sale of a +/- 160,000 s/f warehouse on a 9.5 acre lot at 600 5th Ave. in Belvidere for + $1.6 million to Samia Holdings, an online furniture import business. Currently, the warehouse is an owner occupied single tenant user and features 10 exterior loading docks, 17’ – 22’ ceilings, ample parking, wet sprinklers, with natural gas utilities, led lighting and city water. “This prop- erty location gives Samia immediate highway access for both incoming and outgo- ing freight,” said Ed. Team Resources represented the purchaser in this transac- tion, while Jeff Williams of Cushman & Wakefield represented the seller. Steve Ulin, Jeff Fulton, along with Ed Schein bro- kered the sale of a 15,700 + s/f manufacturing ware- house for $1.2 million at 20 Continental Drive in Mount Olive to Mile Square Roofing Company, Inc., a contractor that specializes in commer- cial roofing throughout the tri-state area. The current structure sits on a 7.3+ acre lot and features 1 exteri- or loading dock, 4 drive-in doors, and a ceiling height of 20’ – 30’ with wide column spacing. Utilities are natural gas, sewer: septic field and water: city. “Mile Square will be building a new office warehouse on the property and will move from their cur- rent location in Hackensack upon completion,” said Steve. Team Resources represented both the seller and purchaser in this transaction.
89 East 25th St., Bayonne
Solar Decorative Custom Security
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