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Inspired By Somerset Development Acquires Oceanfront Condo Development Site In Asbury Park For $15M
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
clock iconSold 208 days ago
J.B. Bruno
Ryan Robertson
Jose Cruz
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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

J.B. Bruno's profile picture
J.B. Bruno
JLL-image
$102.1M Sold
Ryan Robertson's profile picture

Details

Deal Summary
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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.

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AddressInspired By Somerset Development Acquires Oceanfront Condo Development Site In Asbury Park For $15M

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