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

Property Image
SOLD
$9,900,000

New Jersey

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Development Site87,120 SF
Sold 12/18/2020
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Property Image
SOLD

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

276 Ocean Avenue, Long Branch, NJ, USA

See Similar Deals
Development Site87,120 SF
Sold 12/18/2020
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$113
Total Square Footage:87,120 SF
Transaction Type:Sale

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.

Players

Jason Pucci
Kislak
Jason Pucci
10 deals$130.8M volume
BROKER

Details

SOLD
IMAGE: Jason Pucci⁠ DATE: 12/18/2020⁠ ADDRESS: 276, 286, & 290 Ocean Avenue⁠ MARKET: Long Branch⁠ ASSET TYPE: Development Site⁠ ⁠ BUYER: 290 Ocean LLC⁠ BUYER'S REP: Arbor Sales & Marketing LLC⁠ SELLER'S REP: Jason Pucci - Kislak Co. Inc.⁠ ⁠ PRICE: $9,900,000⁠ ACRES: 2 ~ PPA: $4,950,000⁠

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Net Operating Income (NOI)

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