The Kislak Co. was recently named the exclusive sales broker for an approximately 2.25-acre redevelopment portfolio in Union City. The Hudson County portfolio includes 13 mostly contiguous parcels on Manhattan Avenue and Mountain Road on the cliffs of the Hudson Palisades.
Kislak’s exclusive assignment is per an appointment by the U.S. 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:
- 300 Mountain Road
- 302-304 Mountain Road
- 1414 Manhattan Ave.
- 1416 Manhattan Ave.
- 1502-1504 Manhattan Ave.
- 1506-1510 Manhattan Ave.
- 1512 Manhattan Ave.
- 1514-1516 Manhattan Ave.
- 1518 Manhattan Ave.
- Manhattan Ave.
- Manhattan Ave.
- 286 Mountain Road
- 290 Mountain Road
“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,” Weilheimer said.
The properties are in the Palisades Preservation Overlay District zoned for low-density residential underlay development and other uses. 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.
