Michael Poole & Michael O'Keefe Sell Residential Land In Mantoloking For $2.4M
Sunset Lane, Mantoloking, New Jersey 08738, United States
$2,425,000
Building Size
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Asset Type
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Closing
Feb 17, 2022
AI
The property involved in this closed transaction is a residential land located at 0 Sunset Ln in Mantoloking. The sale took place on February 18, 2022, with a sale price of $2,425,000.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $2,425,000
- Address: 0 Sunset Ln
- Date: 02/18/2022
- Market: Mantoloking
The buyer's representative in this transaction was Michael O'Keefe from Keller Williams Realty Spring Lake. And the seller's representative was Michael Poole from C21/ Solid Gold Realty.
Players
Mantoloking 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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93