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1st Reading - Jersey City

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, ,Portion of PJP LandfiII Site, <strong>Jersey</strong> <strong>City</strong> New <strong>Jersey</strong>'Comparable Land,Sale 2Address: 108 -126 Bayway AvenueMunicipality: , Elizabeth, New Jers,eyCounty:Union~''-Block/Lot:Land Area:Zoning:Utilties:, 4/63, 6720.858 acre'sM-2,Medium IndusÙial ZoneAll Municipal AvailableGrantor: Swiss North American Elizabeth Properties LLCGrantee:, Sale Price:Sale Date:Topography:Deed Book/Page:Potential Building Area:Pott:ntial FAR:Price Per Unit:Lucky Bear, LLC$8,750,00004-24-07Generally Level5651/780350,000 sf (based on buyer's estimate), 38.52%$419,503/acre$25.00/sf of potential building areaRemarks:, Property spans from Bayway Avenue in Elizabeth to the Allen Street extension inLinden. The site. is described as Block 4, Lots 63 and 67 in Elizabeth and Block586, Lot 1 in Linden~ The existing 45,000 sf industrial building wil be demolishedby the buyer. The site is loçated .next iò the NJ Turnpike and has direct access, from Interchange 12~ Acco'rding to the broker,' the site can accommodate 350,000-stof building area. The owners received ßite plan approvalfor 198,848 sf on~ 7/9/07 forthe northern portion of the site. The southern'portion is being marketedas a. built to ,suit pad site,VALUE RESEARCH GROUP, l,LC 23

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