Union City, NJ — The Kislak Company, Inc. was recently named the exclusive sales broker for an approximately 2.25-acre redevelopment portfolio in Union City, Hudson County. The portfolio includes 13 mostly contiguous parcels on Manhattan Avenue and Mountain Rd. on the cliffs of the Hudson Palisades.
Kislak’s exclusive assignment is per an appointment by the United States District Court for the District of New Jersey and is being led by managing director Matt Weilheimer, vice president Tom Scatuorchio and CEO Jason Pucci.
The portfolio includes the following properties.
Address Block, Lot
300 Mountain Road 184, 1.02
302-304 Mountain Road 184, 1.01
1414 Manhattan Avenue 185, 14
1416 Manhattan Avenue 185, 15
1502-1504 Manhattan Avenue 185, 17, Add’l. lot 16
1506-1510 Manhattan Avenue 185, 30, Add’l. lot 31
1512 Manhattan Avenue 185, 32
1514-1516 Manhattan Avenue 185, 33, Add’l. lot 34
1518 Manhattan Avenue 185, 35
Manhattan Avenue 185, 37
Manhattan Avenue 185, 38
286 Mountain Road 185, 39
290 Mountain Road 185, 40
Weilheimer said, “This is a unique and extraordinary opportunity for a developer to acquire a large tract of developable land with sweeping unobstructed views of Hoboken, the Hudson River, and the Manhattan skyline. The ideal location is minutes from Hoboken, New Jersey Transit and PATH service, the New York Waterway ferry service, and the Lincoln Tunnel.”
The properties are in the Palisades Preservation Overlay District zoned for Low-Density Residential Underlay development and other uses. Union City is located in the northern part of Hudson County. With a population of 69,000 and an area of 1.29 square miles, Union City is consistently ranked among cities with a population of more than 50,000 as the most densely populated in the United States. The location of the properties includes strong demographics with an average household income of nearly $140,000 within one mile, and $160,000 within three miles, and there are many new developments nearby.
Matt Weilheimer joined Kislak in 1996 and specializes in the sale of multifamily properties, REO assets and other investment properties in New Jersey, New York, and Pennsylvania. He is also consistently one of the firm’s top producers and has a successful history training and mentoring new salespeople
Tom Scatuorchio joined Kislak in 2016 and specializes in the sale of multifamily and other investment properties in northern New Jersey. In 2017, he earned Kislak’s Rising Star award and in 2021, he was promoted to a VP.
Комментарии