NAI James E. Hanson on Wednesday said it traded a 9,000-square-foot mixed-use building at 3522 Park Ave. in Weehawken.
Hanson’s Joan Cenicola and John Schilp represented the seller, 3522 Park Ave LLC, in the transaction with buyers, Lennard Charles & Michael Ignatieff.
The property is a three-story building with 3,000 square feet of ground-level retail space and a 1,080-square-foot mezzanine. The building also boasts two floors of residential space and on-site parking. Located just off Route 495, the building is in close proximity to the Lincoln Tunnel, Routes 1/9 and 3 and the New Jersey Turnpike. The property also provides access to the Weehawken Waterfront Park and Recreation Center, which recently underwent over $10 million in capital improvements.
Tapped as the exclusive brokerage firm for the property, the team of Cenicola and Schilp utilized their extensive local market knowledge and a substantial list of contacts to quickly identify a buyer and drive value for their client.
“The Weehawken market continues to see a surge in demand due to its competitive pricing and proximity to many of the densely populated surrounding towns,” Cenicola said. “Properties like 3522 Park Ave. offer great investment potential and offer landlords a fantastic long-term opportunity to the maximize value of their assets.”