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.


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