Jacob Fine Purchases Development Site On New Jersey Highway 70 From Chuck Ferguson For $2.5M
SOLD
$2,500,000
New Jersey
See Similar DealsDevelopment Site348,480 SF
Sold 02/03/2026
SOLD
Jacob Fine Purchases Development Site On New Jersey Highway 70 From Chuck Ferguson For $2.5M
New Jersey Highway 70
See Similar DealsDevelopment Site348,480 SF
Sold 02/03/2026
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$7
Total Square Footage:348,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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