HACKENSACK, NJ—Massey Knakal has arranged the$14 million sale of a luxury, 40-unit, eight-story apartmentbuilding known as The Marquee. Located at29 1st Street between Essex andAtlantic Streets in Hackensack, Bergen County, the property wassold in an all-cash transaction valued at$13,995,000.
The building contains approximately 90,000 square feet. Built in2011, with steel reinforced concrete, the building featureshigh-end finishes in both the common areas and units. Each unitfeatures an open floor plan, high ceilings, granite countertops,stainless steel appliances, hardwood floors, floor-to-ceilingwindows, HVAC unit, washer/dryer unit, walk-in closet, marblebathrooms with Jacuzzi tub and dual vanity sinks. The saleprice equates to approximately $350,000 per apartmentunit.
“We were able to generate significant interestthrough our marketing efforts which ultimately enabled our clientto achieve multiple offers,” says David A. Simon,executive managing director, Massey Knakal NewJersey.
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