SOLD
Kushner Cos Acquires Land In Long Branch, NJ For $1.45M
36 Morris Avenue, Long Branch, NJ, USA
$1,450,000
$70/SF
Building Size
20,473 SF
Asset Type
—
Closing
Jul 8, 2020
AI
Jared Kushner and Jason Pucci are seen in the image associated with this transaction. The sale of the property located at 36 Morris Ave, Long Branch, NJ took place on July 8, 2021. The asset involved in this transaction is land.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,450,000
Jason Pucci, representing Kislak Co., facilitated the sale on behalf of Kushner Cos.
Players
Long Branch CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93