Updated Dec 3, 2024
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
About this deal
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.
The commercial sale at 36 Morris Avenue, Long Branch, NJ, USA in Long Branch, New Jersey sold for $1.5M in 2020. The building is 20,473 square feet, implying about 70 per square foot on the published price. Jason Pucci, Kislak appear on the sale alongside Kislak. This page is the Long Branch, New Jersey file for the 36 Morris Avenue, Long Branch, NJ, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Long Branch sit in the Market section below. Filter that Long Branch commercial set by closing date to see what else sold near 36 Morris Avenue, Long Branch, NJ, USA around 2020. Published consideration for 36 Morris Avenue, Long Branch, NJ, USA is $1.5M, dated 2020. Cite this Kushner Cos Acquires Land In Long Branch, NJ For $1.45M sale when underwriting similar commercial product around Long Branch, New Jersey.
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