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Keansburg accepts $212,000 auction bid for 139 Shore Boulevard

Borough of Keansburg Municipal Council Redevelopment Agency · March 19, 2025
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Summary

Council accepted the auction result for borough-owned property at 139 Shore Boulevard (Block 33, Lot 12), awarding the sale to Sandy Beaches, LLC for $212,000 with a 10% deposit of $27,000 remitted at auction.

Resolution 25-033, approved March 19, 2025, accepts the auction bid of Sandy Beaches, LLC for the sale of borough-owned property at 139 Shore Boulevard (Block 33, Lot 12) for $212,000. The borough had established a minimum bid of $200,000 based on an independent appraisal; the successful bidder remitted a ten-percent deposit of $27,000 at the conclusion of the auction.

The resolution directs the Mayor, Borough Manager, Municipal Clerk and their designees to execute documents necessary to effectuate the sale, consistent with borough legal counsel guidance. Council approved the resolution by roll call.