The Kislak Company on Wednesday announced it sold an eight-acre lot in West Long Branch for $5,800,000.
Kislak marketed the property on an exclusive basis with Managing Director Matt Weilheimer and C.E.O. Jason Pucci handling the assignment on behalf of the seller.
The parties were not disclosed.
“We were engaged to market the property and conduct a ‘sealed bid’ process for the site that is zoned residential for anticipated construction of multi-milliondollar homes. The enthusiasm and interest we garnered were amazing. We received numerous offers not subject to obtaining any approvals and the lengthy wait time that would have followed the approval process,” Weilheimer said.
Located at Larchwood Avenue and Jonathan Court, the property is an L-shaped lot in a residential neighborhood approximately one and a half miles from the Atlantic Ocean, three miles from Pier Villagel.
Zoned R-22 Residential, the property offers the potential for subdivision among new and older multimillion dollar homes. Of the eight acres, approximately four of them are buildable.
West Long Branch is a borough in the Jersey Shore region of eastern Monmouth County. From2010 to 2020, the borough experienced a population increase of more than 6% and the county’s population growth during that time was more than 2%, which contributed to significant recent single family and multifamily development in the region.
