Kushner Cos Acquires Land In Long Branch, NJ For $1.45M
SOLD
$1,450,000
New Jersey
See Similar Deals20,473 SF
Sold 07/08/2020
SOLD
Kushner Cos Acquires Land In Long Branch, NJ For $1.45M
36 Morris Avenue, Long Branch, NJ, USA
See Similar Deals20,473 SF
Sold 07/08/2020
Summary
NEW JERSEY
Price Per Square Foot:$70
Total Square Footage:20,473 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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