TOMS RIVER, NJ—The Kislak Company has brokered the sale of the 338-unit Jamestowne Village Apartments in Toms River, NJ to JP Management, a private investor, for $35.2 million. Kislak says it's the single largest sale of a multifamily property in Ocean County, NJ, in terms of price since 2011.
Kislak Company senior vice president Matt Weilheimer represented the seller, co-managing director Jeffrey Wiener and vice president Jonathan Greenberg together represented the purchaser, and chief operating officer Jason Pucci provided transaction management and support.
The property includes 282 one- and 56 two-bedroom units in 24 two-story brick garden style buildings with semi-private entrances on 16 acres. The property was constructed between 1969 and 1971, and 90 percent of the units have been renovated.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
