Ari Shlez Acquires Office In Toms River From Susan Strauss For $4.5M
1879 Lakewood Road
$4,500,000
$450/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Nov 13, 2025
AI
The property involved in this transaction is an office asset located at 1879 Lakewood Road in Toms River. The sale price for the property was $4,500,000, with a total square footage of 10,000, resulting in a price per square foot of $450.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 1879 Lakewood Road
- Market: Toms River
- Square Footage: 10,000
- Price Per Square Foot: $450
- Buyer: Ari Shlez
- Seller: Susan Strauss
- Broker: Chaya Klein - One Real Estate
The deal features Ari Shlez as the buyer, with Susan Strauss as the seller. Chaya Klein from One Real Estate represented the transaction as the broker, facilitating the transfer between the buyer and seller.
Players
Toms River Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93