North Caldwell Development Site Sells for $1.4M

A development site located at 68-72 Grandview Ave in North Caldwell Boro, NJ has sold for $1,425,000. Karen Treacy of Striker Realty represented the buyer and Rosalie Catanzarite of Lattimer Realty represented the seller in the transaction.

The property is a 1.5-acre development site located in a desirable area of North Caldwell Boro. The site is zoned for residential use and has the potential for up to 10 single-family homes to be built on the property. The site is located in a highly sought-after area with easy access to major highways and public transportation.

The buyer, represented by Karen Treacy of Striker Realty, is a local developer with a strong track record of successful residential projects in the area. The seller, represented by Rosalie Catanzarite of Lattimer Realty, is a long-time owner of the property who decided to sell in order to retire.

The transaction was facilitated by two experienced brokers who were able to negotiate a fair price for both parties. Karen Treacy of Striker Realty has over 20 years of experience in the real estate industry and has a deep understanding of the local market. Rosalie Catanzarite of Lattimer Realty has been in the business for over 30 years and has a reputation for providing exceptional service to her clients.

Overall, the sale of this development site in North Caldwell Boro, NJ is a positive sign for the local real estate market. With a strong buyer and seller, as well as experienced brokers, the transaction was able to be completed smoothly and at a fair price. The potential for up to 10 single-family homes to be built on the property makes it an attractive investment opportunity for the buyer, and the desirable location of the site adds to its value.