1306 and 1308 Palisade Ave. in Union City — Courtesy: Marcus & Millichap
By Joshua Burd
A partnership has reaped $2.3 million from the sale of a 16-unit apartment property in Union City, under a newly announced transaction by Marcus & Millichap.
In a news release, the investment sales firm said it represented the seller in the disposition of 1306 and 1308 Palisade Ave., which sit just west of the Hoboken border. Investment specialist Kevin Taub completed the assignment, while also representing the buyer.
“The closing took approximately four months with one of the largest owners in Hudson County, who beat out multiple strong offers,” Taub said. “Everyone involved with the transaction worked diligently to overcome several hurdles including the COVID-19 pandemic, business and municipal shut-downs and closing out over 20 open permits associated with the buildings.”