Edgewater marina, buffeted by Sandy, up for sale
January 9, 2015


First came a devastating nor'easter in 1992. Then there was Superstorm Sandy 20 years later, which destroyed the business again. Unable to recover from that second natural disaster, Joe von Dohln is now looking to sell the Edgewater property where his family has operated a marina for more than a century.

Von Dohln has put his Hudson River property, 1.73 acres at 1339 River Road, on the block. The land, the home of the von Dohln Marina, is being marketed exclusively by Eastern Consolidated, a Manhattan real estate firm, for $7 million.

...A developer could build up to 20 units on the land now but would need to go to the borough for approval to construct more than that, he said. Daniel Foley, senior managing director at real estate firm Savills Studley in Hackensack, said the asking price, which averages out to land costs of $350,000 per unit predicated on 20 units, is high.

"It's a nice spot on the water there, but $350,000 seems a tad pricey," he said...

Edgewater marina, buffeted by Sandy, up for sale




Related Stories

Law Firm Employment and Space Trends
National Office Sector Report (Q3 2014)