290 Ocean LLC Acquires Development Site In Long Branch For $9.9M

A development site located at 276, 286, & 290 Ocean Avenue in Long Branch has been sold. The property consists of approximately 2 acres and was sold for a price of $9,900,000, resulting in a price per acre of $4,950,000. The transaction took place on December 18, 2020.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,900,000
• Address: 276, 286, & 290 Ocean Avenue, Long Branch
• Market: Long Branch
• Buyer: 290 Ocean LLC
• Buyer's Representative: Arbor Sales & Marketing LLC
• Seller's Representative: Jason Pucci - Kislak Co. Inc.

The buyer of the development site was 290 Ocean LLC. They were represented by Arbor Sales & Marketing LLC. On the other hand, Jason Pucci from Kislak Co. Inc. acted as the seller's representative in this transaction.