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Weiss Realty, Keller Williams complete $1.85M sale of Verona redevelopment site

Source: ROI-NJ · Jul 22, 2026, 11:48 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

Weiss Realty, Keller Williams complete $1.85M sale of Verona redevelopment site news image

Weiss Realty and Keller Williams have completed the sale of a nearly one-acre redevelopment site located at 21 & 25 Grove Avenue in Verona for $1.85 million.

The property was acquired by a limited liability company managed by Mohannad Abbasi, who intends to redevelop the site into a 10-unit residential project.

The transaction represents continued commercial real estate activity in the northern New Jersey market, with the Moonachie-based brokerage facilitating the deal.

Key points

  • Weiss Realty and Keller Williams completed a $1.85 million sale of a redevelopment site in Verona
  • The nearly one-acre property is located at 21 & 25 Grove Avenue
  • Buyer Mohannad Abbasi plans to develop the site into 10 residential units
  • Weiss Realty is a commercial real estate brokerage based in Moonachie

FAQ

What is the size and location of the Verona property that was sold?
The property is a nearly one-acre redevelopment site located at 21 & 25 Grove Avenue in Verona, New Jersey.
Who was the buyer and what are their redevelopment plans?
The buyer is a limited liability company managed by Mohannad Abbasi, who plans to redevelop the site into a 10-unit residential project.
What was the sale price of the property?
The property sold for $1,850,000 ($1.85 million).

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