facebook
Traded Co logo
Submit

Horizon Equities Acquires Mixed-Use Properties In Ocean County NJ For $46M

Property Image
SOLD
$46,000,000
Seth Goldberg
Brent Hyldahl
Alan Cafiero
+ 1

National

See Similar Deals
Mixed-use310,000 SF
Sold 12/19/2022
the dealplayerscompscontact
Property Image
SOLD

Horizon Equities Acquires Mixed-Use Properties In Ocean County NJ For $46M

Multiple Addresses In Toms River

See Similar Deals
Mixed-use310,000 SF
Sold 12/19/2022
Seth Goldberg
Brent Hyldahl
Alan Cafiero
+ 1
the dealplayerscompscontact
Contact now

Summary

Asset Type:Mixed-use
Price Per Square Foot:$148
Total Square Footage:310,000 SF
Transaction Type:Sale

Horizon Equities, a real estate investment firm led by Joe Kotler, has acquired a mixed-use property in Ocean County, NJ. The property, located at 931 Fischer Blvd, 2850 Yorktown Blvd, 1 & 3 Plaza Drive, 31 & 600 Mule Road, 190 St Catherine Blvd, 730 & 730 Jamaica Blvd, and 9 Wrangle Brook Road in Toms River, offers a total of 310,000 square feet of space. The transaction was facilitated by Marcus & Millichap, with brokers Alan Cafiero, Brent Hyldahl, and Seth Goldberg representing both the buyer and seller, Edele Hovnanian.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $46,000,000
  • Price Per Square Foot: $148
  • Market: Ocean County, NJ, Toms River

Joe Kotler, representing Horizon Equities, played a key role in the acquisition. The deal was successfully coordinated by brokers Alan Cafiero, Brent Hyldahl, and Seth Goldberg from Marcus & Millichap.

Players

Brent Hyldahl
Marcus & Millichap
Brent Hyldahl
57 deals$436.2M volume(201) 742-6116
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
Seth Goldberg
Marcus & Millichap
Seth Goldberg
21 deals$236.7M volume
BROKER
Joe Kotler
Joe Kotler
7 deals$207.9M volume
BUYER

Details

SOLD
IMAGE: Joe Kotler, Alan Cafiero, Brent Hyldahl, Seth Goldberg DATE: 12/19/2022 ADDRESS: 931 Fischer Blvd, 2850 Yorktown Blvd, 1 & 3 Plaza Drive, 31 & 600 Mule Road, 190 St Catherine Blvd, 730 & 730 Jamaica Blvd, & 9 Wrangle Brook Road MARKET: Ocean County NJ, Toms River ASSET TYPE: Mixed-use BUYER: Joe Kotler (www.linkedin.com/in/kotlerjoe) - Horizon Equities (https://www.linkedin.com/company/horizon-equities?trk=public_profile_topcard-current-company) SELLER: Edele Hovnanian BROKERS: Alan Cafiero (@HoxRule3), Brent Hyldahl & Seth Goldberg (@SGoldberg__) - Marcus & Millichap SALE PRICE: $46,000,000 SF: 310,000 ~ PPSF: $148

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,453,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62