Updated Feb 20, 2026
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
About this deal
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.
On the Map
$2,500,000
$7/SF
Development Site
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Players
Whiting 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93