Lot sells for $5M in Alpine

ALPINE, N.J. (AP) - Land doesn’t come cheap in one of New Jersey’s priciest communities.

A 2-acre lot in Alpine has sold for $5 million.

Seller Jane Huang tells The Record (https://bit.ly/1pfZT2s ) 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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Information from: The Record (Woodland Park, N.J.), https://www.northjersey.com