Real Estate company completes sales totaling $12.75 million

B6 Real Estate Advisors, the New York City–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.

“These deals showcase B6’s continued growth throughout the New Jersey market,” said Yanni Marmarou, director of investment sales at B6, whose team spearheaded the respective Hudson and Union County sales. “As prices in New York have risen, the New Jersey market has become increasingly more competitive. Two trends we have been seeing is the demand for multifamily space and industrial property. These four sales exemplify the movement in these spaces as investors quickly jumped at the opportunities.”

Recent Commercial Real Estate Transactions

FOR SALE: 88 and 90 White Street

This site consists of two adjacent buildings in Chinatown. The five-story, 9,350-square-foot building at 88 White Street was built in 1890 and has two commercial floors; three two-bedroom, full-floor apartments; and a basement. The third-floor apartment is occupied and rent-stabilized; the other spaces will be delivered vacant. The two-story, 10,500-square-foot building at 90 White Street was built in 1915 and includes a mezzanine level.

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