Ward Wight Sotheby's International Realty Sells Land In Sea Girt, NJ For $2M
104 Beacon Blvd, Sea Girt, New Jersey 08750, United States
$2,000,000
$270/SF
Building Size
7,405 SF
Asset Type
—
Closing
Jan 23, 2022
AI
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.
Players
Sea Girt 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93