MACRE Properties is pleased to announce the acquisition of 364 Westwood Avenue, a fractured condominium portfolio consisting of 12 units in the heart of Long Branch, New Jersey.

The $2,751,000 off-market acquisition, completed June 17, 2025, reflects the firm's ability to source and execute on highly complex transactions. The acquisition was secured at an 8.0% going-in cap rate and, more importantly, at a significant discount to prevailing per-unit values in the condominium market.

Strategic Location

Strategically located adjacent to the Long Branch Train Station, three blocks from a major hospital system, and within walking distance to the beachfront, the property is exceptionally well-positioned to benefit from sustained tenant and homeowner demand in one of New Jersey's fastest-growing coastal cities.

"This transaction reflects both the challenges and opportunities that define our investment strategy—unlocking value in overlooked or distressed assets while aligning with strong local fundamentals."— Matthew Cianci, Principal at MACRE Properties

Revitalization Backdrop

Long Branch has emerged as one of New Jersey's most dynamic coastal markets, supported by significant public and private investment. Ongoing redevelopment of its beachfront and transit-oriented corridors has attracted both new residents and employers, while proximity to New York City enhances commuter demand.