The company predicts $20 million in total sales from the project.
Vision Real Estate Group LLC, owned by president and CEO Amir Yerushalmi, has completed the sale of 70 apartments in Jersey City that the company bought a year earlier. The company sold ten apartments in the project last month for $1.65 million; sales to date have reached $13 million.
Last year, Vision Real Estate bough six high-rises with 107 apartments in Journal Square in downtown Jersey City, a 20-minute subway ride from midtown Manhattan, for $12 million. The company predicts $20 million in total sales.
The original timetable for the project set a two-year timetable for vacation, renovation, and sale of the apartments. The company is well ahead of schedule.
Published by Globes [online], Israel business news - www.globes-online.com - on November 9, 2008
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