The Kislak Co. announced it recently closed on four Jersey Shore investment properties for a total of $7.5 Million.
The properties are located in Belmar, Toms River and two are in Little Egg Harbor. The separate transactions included a total of 45 residential units and 8,317 square feet of retail space.
Kislak marketed each property on an exclusive basis with Senior Vice President Daniel Lanni handling the assignments. Lanni also procured the purchaser in three of the transactions.
The mixed-use Belmar property, with six residential units and 3,029 square feet of retail space, sold for $2.5 million and is just three blocks from the Belmar Marina.
The Toms River property sold for $2.4 million. It is a three-story brick building located at 34-38 Main St. in the heart of downtown. It consists of 12 units and 5,288 square feet of retail space.
One Little Egg Harbor property sold for $1.6 million. It houses 20 two-bedroom, air-conditioned condominiums, each containing two bathrooms, eat-in kitchen, washer/dryer and private balcony or patio. Amenities include parking, a club house, tennis courts and a swimming pool. Located off Exit 58 on the Garden State Parkway, with major arteries such as Routes 539 and 9 running through the town, the property has access to Atlantic City via New Jersey Transit bus service along Route 559.
Another Little Egg Harbor property, Lighthouse Gardens, sold for just under $1 million. It is a newly constructed, one-story apartment complex at 158 Oak Lane. It affords three one-bedroom and four two-bedroom units outfitted with stainless steel appliances, in-unit washers and dryers, and on-site parking. This property is also located off the Garden State Parkway.