SUCCASUNNA, N.J. — Senior Living Investment Brokerage has arranged the sale of a nine-acre entitled development site located in Succasunna an unincorporated community located in Roxbury Township, roughly 45 miles northwest of New York City.
According to SLIB, the site is approved for the development of a senior living community totaling 175 units of independent living, assisted living and memory care.
A private owner sold the property to a New Jersey-based developer for an undisclosed price. Dave Balow and Toby Siefert of SLIB brokered the transaction.
“This transaction allows the Seller to exit the land asset, while keeping intact the intended use for seniors housing,” says Balow. “The selected buyer will develop the site into seniors housing as planned, serving the growing needs of the Roxbury Township community.”