ICON Real Estate Advisors Arranges $19.35M Sale of Long Branch Multifamily and Retail Asset

Coastal NJ Apartments and Retail Sell in 1031 Exchange

ICON Real Estate Advisors arranged the $19.35-million sale of The Pavilion, a newly constructed 46-unit multifamily building located at 165 Pavilion Ave. in Long Branch, NJ, and an adjacent retail property at 231 Third Ave. The sale price included $18 million for The Pavilion and $1.35 million for the retail property. The buyer, Henshaw Realty, acquired the assets as part of a 1031 exchange following the sale of a New York City asset. The seller…

ICON Real Estate Advisors Arranges $19.35 Million Sale of Long Branch Multifamily and Retail Assets

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ICON Real Estate Advisors Arranges $19.35M Sale of Long Branch Multifamily and Retail Asset

ICON Real Estate Advisors has arranged the $19.35 million sale of The Pavilion, a newly constructed 46-unit multifamily building located at 165 Pavilion Avenue in Long Branch, New Jersey, and an adjacent retail property at 231 Third Avenue. The transaction included $18 million for The Pavilion and $1.35 million for the retail property. The buyer, […] The post ICON Real Estate Advisors Arranges $19.35M Sale of Long Branch Multifamily and Retail A…

ICON: Jebara sells 46-unit Long Branch rental building, retail space for $19.4 million – Real Estate NJ

The Pavilion at 165 Pavilion Ave. in Long Branch — Courtesy: CoStar News By Joshua Burd A developer has sold a new 46-unit apartment building and an adjacent retail asset in Long Branch, according to a listing team with ICON Real Estate Advisors. The buyer, Henshaw Realty, paid a combined $19.35 million for the rental property at 165 Pavilion Ave. and the neighboring commercial space at 231 Third Ave. That allowed it to complete a Section 1031 l…