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Shrub-Covered Lot Sells for $5M in NJ Community

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    NEWSLETTERS

    Land doesn't come cheap in one of New Jersey's priciest communities.

    A 2-acre lot, covered in leaves and brush, in Alpine has sold for $5 million.

    Seller Jane Huang tells The Record newspaper it was a good time to sell because there aren't many parcels that size “15 minutes from midtown Manhattan.”

    Huang bought the land for $1.9 million in 2002.

    The lot is surrounded by multimillion-dollar homes, including one that was sold last year for more than $13 million.

    The buyer made the purchase through a limited liability company called Stone Tower LLC.

    Huang declined to identify the buyer.

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