Silbert Markets and Sells Fully Approved Luxury Multifamily Development Site in Vauxhall along Millburn Border

Brian S. Silbert, President & CEO of Silbert Realty & Management Company, Inc. (SRM), has successfully completed the sale of 2936 Vauxhall Road in Union, New Jersey, on behalf of 2936 Vauxhall Road Associates, LLC. The vacant undeveloped acre parcel situated opposite Millburn Mall within a fully developed, mature real estate market, was recently approved by the Union Zoning Board of Adjustment for the construction of a four-story, 36-unit luxury apartment building, including six affordable housing units. The contemporary attractive architectural design by Appel Design Group, represented the former owner and new ownership, L.M.D. Enderle Development LLC a well-established local builder  anticipates a fall construction start.

Strategically located in immediate proximity to Millburn, Short Hills, Springfield, and Maplewood, according to Silbert, the Vauxhall Road location had multiple suitors and upon construction completion, should be very well received by apartment market dwellers given the density of population and accessibility, situated less than 1.5 miles from Exit 49A of Interstate 78 and Route 24.

According to former owner Gerald Giordiano, the Silbert organization “sold my property twice” and having most recently pivoted to the apartment design, we had a great demand by builders and Silbert knows the business extremely well.”

“The municipality was a cooperative and reasonable with the approval process and this transaction reflects SRM’s commitment to delivering exceptional results for our clients based upon SRM market knowledge, transactional experience and a diverse portfolio of managed real estate.”