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3008 New Jersey Highway 35

Lazer Latz Acquires Retail Property In Hazlet For $5.9 Million With Joel Cukier As Buyer's Rep
SOLDRetail

Lazer Latz Acquires Retail Property In Hazlet For $5.9 Million With Joel Cukier As Buyer's Rep

3008 New Jersey Highway 35

$5,900,000

$1,056/SF

Building Size

5,585 SF

Asset Type

Retail

Closing

Jan 8, 2026

AI

The property asset involved in this transaction is a retail space located at 3008 New Jersey Highway 35 in Hazlet. The property encompasses a total square footage of 5,585 and was sold for a price of $5,900,000, which corresponds to a price per square foot of $1,056.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,900,000
  • Square Footage: 5,585
  • Address: 3008 New Jersey Highway 35
  • Market: Hazlet
  • Buyer: Lazer Latz
  • Seller: Jonathan Davis
  • Buyer's Representative: Joel Cukier - NorthMarq
  • Seller's Representatives: Patrick Norris & Jacklene Chesler - Colliers

Key individuals involved in this transaction include buyer Lazer Latz and seller Jonathan Davis, with Joel Cukier acting as the representative for the buyer from NorthMarq. The seller is represented by Patrick Norris and Jacklene Chesler from Colliers, facilitating the deal's progression.

Players

Jacklene Chesler

Colliers

Broker

$209.4M

vol

25 deals

Broker
NorthMarq
NorthMarqBrokerage
Colliers
ColliersBrokerage

Jonathan Davis

Seller

$77.2M

vol

5 deals

Seller

Hazlet Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93