Matt Weilheimer & Jason Pucci Of Kislak Represent Seller In $5.8M Development Site Sale In West Long Branch
42 Larchwood Avenue
$5,800,000
$232/SF
Building Size
25,000 SF
Asset Type
Development Site
Closing
Jun 25, 2025
AI
The property asset involved in this transaction is a development site located at 42 Larchwood Avenue in West Long Branch. The sale price for this 8-acre property was $5,800,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,800,000
- Address: 42 Larchwood Avenue
- Market: West Long Branch
- Acres: 8
- Seller's Representatives: Matt Weilheimer & Jason Pucci - Kislak
The deal was facilitated by the seller's representatives, Matt Weilheimer and Jason Pucci, who are associated with Kislak, highlighting their role in the successful transaction of this development site.
Players
West Long Branch Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93