Massey Knakal Realty
Services has been retained to arrange the sale of a note
collateralized by approximately 7.11 acres of land which has been sub-divided
into four (4) building lots totaling approximately 234,000 gross square feet.
These four (4) buildings known as The Royal Club at Winthrop Court will be the
third and final phase within the greater finished Cambridge Crossing Development
project.
Each site has been improved with roadways and is zoned for 30
age restricted residential units per building lot. The building lots #1, #2, #3
and #5 are all in various stages of construction. Building lot #1 is
undeveloped. Building #2 is close to completion and 11 units have sold. Building
lot #3 has been cleared and a foundation is in place. Building #5 is framed and
currently undergoing winterization. Delivered with the site are rights to 109
deeds for the existing and undeveloped units.
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Neighborhoods: Passaic County