SOLDLand
John Greene Real Estate Acquires 16-Acre Land In Lockport For $2.1M
16370 West 159th Street
$2,100,000
Building Size
—
Asset Type
Land
Closing
Oct 13, 2023
AI
A 16-acre land property located at 16370 West 159th Street in Lockport was sold for a total of $2,100,000.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,100,000
- Address: 16370 West 159th Street
- Market: Lockport
- Acres: 16
The buyer in this transaction was represented by Shamus Conneely of John Greene Real Estate, while the seller was represented by Beverly Ruminski of Century 21 Circle.
Players
Lockport Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93