Updated Sep 5, 2024
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
About this deal
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.
The commercial sale at Sunset Lane, Mantoloking, New Jersey 08738, United States in Mantoloking, New Jersey sold for $2.4M in 2022. Michael Poole, Michael O'Keefe, Century 21, Keller Williams Realty appear on the sale alongside Century 21, Keller Williams Realty. This page is the Mantoloking, New Jersey file for the Sunset Lane, Mantoloking, New Jersey 08738, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Mantoloking sit in the Market section below. Filter that Mantoloking commercial set by closing date to see what else sold near Sunset Lane, Mantoloking, New Jersey 08738, United States around 2022. Published consideration for Sunset Lane, Mantoloking, New Jersey 08738, United States is $2.4M, dated 2022. Cite this Michael Poole & Michael O'Keefe Sell Residential Land In Mantoloking For $2.4M sale when underwriting similar commercial product around Mantoloking, New Jersey.
Players
Mantoloking CRE Market Snapshot
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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