Updated Dec 21, 2023
D'Amico & McConnell Realtors Represents Buyer In $1.8M Land Sale, Mantoloking, NJ
1025 Barnegat Lane, Mantoloking, NJ, USA
$1,800,000
$196/SF
Building Size
9,147 SF
Asset Type
—
Closing
Jul 16, 2020
About this deal
AI
A land property located at 1025 Barnegat Ln in Mantoloking, NJ was recently sold for $1,800,000 on 07/16/2021. The property is situated in a prime market, offering various opportunities for development. The land spans 9,147 square feet with a price per square foot of $197.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,800,000
- Address: 1025 Barnegat Ln, Mantoloking, NJ
- Market: Mantoloking, NJ
- Buyer's Representative: Wendy Lynn Tombs - D'Amico & McConnell Realtors
- Seller's Representatives: Michele Marancik & Lara Walsh - Childers Sotheby's Intl Realty
- BSF (Building Square Footage): 9,147
- PPBSF (Price Per Building Square Footage): $197
The deal was facilitated by Wendy Lynn Tombs from D'Amico & McConnell Realtors, representing the buyer. On the other side, Michele Marancik and Lara Walsh from Childers Sotheby's Intl Realty served as the seller's representatives. Their expertise and negotiation skills played a crucial role in the successful conclusion of the transaction.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93