{"id":301423,"date":"2026-07-21T02:31:09","date_gmt":"2026-07-21T02:31:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/301423\/"},"modified":"2026-07-21T02:31:09","modified_gmt":"2026-07-21T02:31:09","slug":"icon-family-owners-sell-25-unit-bayonne-apartment-building-after-more-than-50-years-real-estate-nj","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/301423\/","title":{"rendered":"ICON: Family owners sell 25-unit Bayonne apartment building after more than 50 years \u2013 Real Estate NJ"},"content":{"rendered":"<p>5-7 Kelly Parkway in Bayonne \u2014 Courtesy: ICON Real Estate Advisors<\/p>\n<p>By Joshua Burd<\/p>\n<p>The longtime owners of a 25-unit apartment building in Bayonne have sold the property for $4.1 million, in a deal arranged by ICON Real Estate Advisors.<\/p>\n<p>According to a news release, the firm\u2019s David Betesh represented the Brancatella family and the buyer in the off-market trade at 5-7 Kelly Parkway. That marked the first sale of the property in more than 50 years.<\/p>\n<p>It\u2019s also the second multifamily transaction Betesh has completed on the street, following the sale of a 36-unit building at 41-43 Kelly Parkway in December 2024.<\/p>\n<p>\u201cThe property generated strong investor interest because it combined stable income with the potential to increase residential rents by at least 30 percent over time,\u201d said Betesh, director of multifamily at ICON Real Estate Advisors. \u201cRepresenting both the buyer and seller allowed us to efficiently guide the transaction to a successful outcome.\u201d<\/p>\n<p>                    <a href=\"#\" rel=\"nofollow\" onclick=\"window.print(); return false;\" title=\"Printer Friendly, PDF &amp; Email\"><br \/>\n                    <img decoding=\"async\" class=\"pf-button-img\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/1779452828_735_print-button-gray.png\" alt=\"Print Friendly, PDF &amp; Email\" style=\"width: 66px;height: 24px;\"\/><br \/>\n                    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"5-7 Kelly Parkway in Bayonne \u2014 Courtesy: ICON Real Estate Advisors By Joshua Burd The longtime owners of&hellip;\n","protected":false},"author":2,"featured_media":240480,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[9,24,63,134,136,135],"class_list":["post-301423","post","type-post","status-publish","format-standard","has-post-thumbnail","category-staten-island","tag-new-york","tag-new-york-city","tag-nyc","tag-staten-island","tag-staten-island-headlines","tag-staten-island-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/301423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=301423"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/301423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/240480"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=301423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=301423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=301423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}