Court Appointment by U.S. District Court for the District of New Jersey led by Managing Director Matt Weilheimer
Woodbridge, N.J., July 19, 2024 – The Kislak Company, Inc. was recently named the exclusive sales broker for an approximately 2.25-acre redevelopment portfolio in Union City, Hudson County, New Jersey. The 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 United States 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.
| Address | Block, Lot |
| 300 Mountain Road | 184, 1.02 |
| 302-304 Mountain Road | 184, 1.01 |
| 1414 Manhattan Avenue | 185, 14 |
| 1416 Manhattan Avenue | 185, 15 |
| 1502-1504 Manhattan Avenue | 185, 17, Add’l. lot 16 |
| 1506-1510 Manhattan Avenue | 185, 30, Add’l. lot 31 |
| 1512 Manhattan Avenue | 185, 32 |
| 1514-1516 Manhattan Avenue | 185, 33, Add’l. lot 34 |
| 1518 Manhattan Avenue | 185, 35 |
| Manhattan Avenue | 185, 37 |
| Manhattan Avenue | 185, 38 |
| 286 Mountain Road | 185, 39 |
| 290 Mountain Road | 185, 40 |
Mr. Weilheimer commented, “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.”
The properties are in the Palisades Preservation Overlay District zoned for Low-Density Residential Underlay development and other uses. Union City is located in the northern part of Hudson County. With a population of 69,000 and an area of 1.29 square miles, Union City is consistently ranked among cities with a population of more than 50,000 as the most densely populated in the United States. 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.
For more information about the portfolio, please contact Matt Weilheimer at mweilheimer@kislakrealty.com or (908) 596-0700, or Tom Scatuorchio at tscatuorchio@kislakrealty.com or (908) 675-5703.
Matt Weilheimer joined Kislak in 1996 and specializes in the sale of multifamily properties, REO assets and other investment properties in New Jersey, New York, and Pennsylvania. He is also consistently one of the firm’s top producers and has a successful history training and mentoring new salespeople. As a managing director, Mr. Weilheimer will help lead Kislak’s investment and multifamily sales efforts in southern New Jersey and metropolitan Philadelphia. He holds a Bachelor of Arts degree from the University at Albany, State University of New York.
Tom Scatuorchio joined Kislak in 2016 and specializes in the sale of multifamily and other investment properties in northern New Jersey. In 2017, he earned Kislak’s Rising Star award and in 2021, he was promoted to a vice president.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.
Now in its 118th year, Kislak was among a select group of firms recognized as a 2023 Power Broker by CoStar Group, Inc. and this was the firm’s 18th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.
