SOLD
Inspired By Somerset Development Acquires Oceanfront Condo Development Site In Asbury Park For $15M
Inspired By Somerset Development Acquires Oceanfront Condo Development Site In Asbury Park For $15M
Development Site
Sold 140 days ago
Summary
Sale
NEW JERSEY
Development Site
Inspired by Somerset Development has closed a $15 million sale of an oceanfront condominium development parcel in Asbury Park. The approved project, featuring 155 residences and 9,340 square feet of retail space, aims to create a "villas in the sky" effect, with construction anticipated to begin in 2024.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $15,000,000
- Market: Asbury Park
The buyer of the development site in Asbury Park is Inspired by Somerset Development, represented by Ken Gold from the same company. The seller is Star Holdings. The brokers involved in the deal are J.B. Bruno, Jose Cruz, and Ryan Robertson from JLL.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Ken Gold, J.B. Bruno, Jose Cruz & Ryan Robertson
DATE: 12/18/2023
MARKET: Asbury Park
ASSET TYPE: Development Site
BUYER: Inspired by Somerset Development (@Inspired_SDNJ) - Ken Gold
SELLER: Star Holdings
BROKERS: J.B. Bruno, Jose Cruz & Ryan Robertson - JLL (@JLL)
SALE PRICE: $15,000,000
NOTE: Inspired by Somerset Development has closed a $15 million sale of an oceanfront condominium development parcel in Asbury Park. The approved project, featuring 155 residences and 9,340 square feet of retail space, aims to create a "villas in the sky" effect, with construction anticipated to begin in 2024.View on map
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AddressInspired By Somerset Development Acquires Oceanfront Condo Development Site In Asbury Park For $15M
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