Updated Dec 21, 2023
Deborah Collins Sells Residential Land In Belmar, NJ For $2.4M
102 2nd Ave, Belmar, NJ, USA
$2,400,000
$272/SF
Building Size
8,824 SF
Asset Type
—
Closing
Mar 25, 2021
About this deal
AI
The residential land located at 102 2nd Ave in Belmar, NJ has been sold for a price of $2,400,000. The transaction was finalized on 03/26/2021. The property is a vacant lot suitable for residential development.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $2,400,000
- Address: 102 2nd Ave, Belmar, NJ
- Market: Belmar, NJ
The sale of this property was facilitated by Deborah Collins from Patrick Parker Realty. Deborah Collins acted as the broker in this transaction.
The commercial sale at 102 2nd Ave, Belmar, NJ, USA in Belmar, New Jersey sold for $2.4M in 2021. The building is 8,824 square feet, implying about 272 per square foot on the published price. Deborah Collins, Patrick Parker Realty appear on the sale alongside Patrick Parker Realty. This page is the Belmar, New Jersey file for the 102 2nd Ave, Belmar, NJ, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Belmar sit in the Market section below. Filter that Belmar commercial set by closing date to see what else sold near 102 2nd Ave, Belmar, NJ, USA around 2021. Published consideration for 102 2nd Ave, Belmar, NJ, USA is $2.4M, dated 2021. Cite this Deborah Collins Sells Residential Land In Belmar, NJ For $2.4M sale when underwriting similar commercial product around Belmar, New Jersey.
Belmar CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $272 per square foot on a published $2.4M for 8,824 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93