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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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].