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1st Reading - Jersey City

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, Portion of PJP LandfillSite, <strong>Jersey</strong>' <strong>City</strong> New JerSeyComparable Land Sal~ 3Address:Municipality:County:Block/Lot: '600-652 North Avenue EastElizabeth, New' <strong>Jersey</strong>Union8/1/1308/999.B,999.CLand Area: 1,259,407 sf; 28.912 acresZoning:Utilities:Grantor:Grantee:Sale Price: 'Sale Date:Topography:Deed Book/Page: 'Potential Building Area:; ,M-'2, Medium IndustrialAll Municipal Available 'Wakefern Food CorpElizabeth Sullivan, LLC'$10,600,00011-29-06Generally Level5622/239503,700 sf (based ón typical area FAR)629,700 sf (max FARper zoning)Potential FAR: 40%-50%Price Per Unit:Remarks:$366,63Q/acre$16.83- $21.04/sf of potential building areaProperty was sold without approvals. Buyerpurchased the property' for industrialdevelopment. Site is 'located adjacent to Exit13A on the NJ Turnpike and directly south ofthe Newark International Airport.Comp ID#: 39083VALUE RESEARCH GROUP, LLC 24

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