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
Hazlet Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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