Jersey City multifamily binge: Two more sites trade for $21M

Two more residential projects are coming to Jersey City as the city’s hot rental market continues to draw New York developers across the Hudson.

Dan Hollander’s DHA Capital paid $6.5 million for a 31,000-square-foot development site at 70 Mallory Avenue on the city’s West Side, where it plans to build a six-story, 136-unit building with 2,000 square feet of ground-floor retail and 53 parking spots, according to a permit application. According to a B6 Real Estate Advisors team of Yanni Marmarou, Jack Drillock and Dre Nestico, which brokered both deals, the buyers were an investment group led by Shimon Schwartz.

B6 Real Estate Arranges $6.5M Sale of Multifamily Development Site in Jersey City

JERSEY CITY, N.J. — Locally based brokerage firm B6 Real Estate Advisors has arranged the $6.5 million sale of a 31,000-square-foot multifamily development site at 70 Mallory Ave. in Jersey City that is zoned for 136 units. Yanni Marmarou, Jack Drillock and Andrea Nestico of B6 Real Estate represented the undisclosed seller in the transaction. The buyer and construction timeline were also not disclosed.

Jersey City development site slated for 136 apartments sells for $6.5 million

A development site that could house more than 130 luxury apartments has changed hands in Jersey City’s West Side neighborhood, in a deal arranged by B6 Real Estate Advisors.

Brokers say the 31,000-square-foot property, 70 Mallory Ave., traded for $6.5 million in a transaction involving two undisclosed parties. Plans for the site call for a mixed-use project with 136 units, the firm said, touting its location near the Hudson-Bergen Light Rail’s West Side Avenue station and other transit nodes.

B6 Real Estate Arranges $4.5M Sale of Jersey City Apartment Building

Locally based brokerage firm B6 Real Estate Advisors has arranged the $4.5 million sale of a 25-unit apartment building in Jersey City’s West Bergen neighborhood. The property comprises 20 one-bedroom units and five two-bedroom units. Titanium Capital Partners purchased the asset for an undisclosed price. Yanni Marmarou led the B6 Real Estate team that brokered the deal.

B6 Real Estate Advisors Completes Approximately 50,000 Square Feet in Sales Totaling $12.75 Million Throughout Hudson and Union Counties in New Jersey

B6 Real Estate Advisors, the New York City (NYC)-based investment sales and capital advisory brokerage led by industry veteran Paul J. Massey, Jr., has announced the sale of four properties encompassing approximately 50,000 square feet across Hudson and Union Counties in New Jersey, totaling a value of $12.75 million

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