Ward Wight Sotheby's International Realty Sells Land In Sea Girt, NJ For $2M
SOLD
$2,000,000
New Jersey
See Similar Deals7,405 SF
Sold 01/24/2022
SOLD
Ward Wight Sotheby's International Realty Sells Land In Sea Girt, NJ For $2M
104 Beacon Blvd, Sea Girt, New Jersey 08750, United States
See Similar Deals7,405 SF
Sold 01/24/2022
Summary
NEW JERSEY
Price Per Square Foot:$270
Total Square Footage:7,405 SF
Transaction Type:Sale
Joanne McLaughlin & Denise Dreyer closed a land transaction on January 14, 2022, in Sea Girt, NJ. The property, located at 104 Beacon Blvd, was sold for $2,000,000. The land spans 7,405 square feet with a price per square foot of $270.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Lot Size: 7,405 square feet
- Price per square foot: $270
The buyer's representative in the transaction was Joanne McLaughlin from Ward Wight Sotheby's International Realty. Denise Dreyer, also from Ward Wight Sotheby's International Realty, represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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