A mixed-use investment property at Main Street and 7th Avenue in Belmar — Courtesy: The Kislak Co. Inc.
By Joshua Burd
Four Jersey Shore investment properties have changed hands for a combined $7.5 million, under a set of newly announced transactions by The Kislak Co. Inc.
The deals include the $2.5 million sale of a mixed-use building at the corner of Main Street and 7th Avenue in Belmar, Kislak said. The fully occupied, recently built property, which is directly off Route 35, includes six residential units and 3,029 square-feet of retail space.
Kislak Senior Vice President Daniel Lanni represented the seller in each transaction. The deals also include the $2.42 million sale of a Toms River property at 34-38 Main St., which includes 12 units and 5,288 square feet of retail space near Route 9 and the Garden State Parkway.
“With each assignment in these Jersey Shore towns, we led a competitive bidding process and ultimately closed at strong prices,” Lanni said.
In Little Egg Harbor, Lanni brokered the $1.6 million sale of 20 two-bedroom condominiums at 19 Pine Valley Court, which sits off Exit 58 of the Garden State Parkway. A second property in the township, Lighthouse Gardens, is a newly constructed, one-story apartment complex at 158 Oak Lane that sold for $975,000.
Kislak also procured the buyer in three of the transactions.