Devora Munk - HomeSmart First Advantage Represents Buyer In $6.5M Lakewood Land Sale
0 Joe Parker Road, Lakewood, New Jersey 08701, United States
$6,500,000
Building Size
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Asset Type
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Closing
May 19, 2022
AI
The transaction that took place in Lakewood involved the sale of a piece of land located at 0 Joe Parker Rd. The land spans approximately 6.04 acres and was sold for a price of $6,500,000. The sale occurred on May 20, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,500,000
- Address: 0 Joe Parker Rd
- Market: Lakewood
- Size: 6.04 acres
Devora Munk from HomeSmart First Advantage represented the buyer in this transaction, while Ellen Hall from Diane Turton, Realtors represented the seller.
Players
Lakewood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93