Jacob Fine Purchases Development Site On New Jersey Highway 70 From Chuck Ferguson For $2.5M
New Jersey Highway 70
$2,500,000
$7/SF
Building Size
348,480 SF
Asset Type
Development Site
Closing
Feb 3, 2026
AI
A development site located at New Jersey Highway 70 in Toms River has been sold for $2,500,000. The property encompasses a total area of 348,480 square feet, translating to a price per square foot of $7.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Address: New Jersey Highway 70
- Market: Toms River
- Buyer: Jacob Fine
- Seller: Chuck Ferguson
- Broker: Chaya Klein - One Real Estate
The broker representing this transaction is Chaya Klein from One Real Estate, facilitating the deal between buyer Jacob Fine and seller Chuck Ferguson.
Players
Whiting Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93