Updated Dec 21, 2023
RE/MAX Platinum Properties Acquires Land In Ventnor For $1.5M With Buyer's Rep Garrett Turnbull & Seller's Rep Diane Ciliberti
110 South Surrey Avenue, Ventnor City, New Jersey 08406, United States
$1,500,000
$246/SF
Building Size
6,098 SF
Asset Type
—
Closing
Mar 24, 2022
About this deal
AI
The land located at 110 S Surrey Ave in Ventnor has been sold for $1,500,000. The property spans 6,098 square feet, with a price per square foot of $246.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,500,000
- Address: 110 S Surrey Ave
- Market: Ventnor
The buyer's representative for this transaction was Garrett Turnbull from RE/MAX Platinum Properties, while the seller's representative was Diane Ciliberti from BHHS Fox & Roach.
The commercial sale at 110 South Surrey Avenue, Ventnor City, New Jersey 08406, United States in Ventnor City, New Jersey sold for $1.5M in 2022. The building is 6,098 square feet, implying about 246 per square foot on the published price. Garrett Turnbull, Diane Ciliberti, Berkshire Hathaway HomeServices, Re/Max appear on the sale alongside Berkshire Hathaway HomeServices, Re/Max. This page is the Ventnor City, New Jersey file for the 110 South Surrey Avenue, Ventnor City, New Jersey 08406, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Ventnor City sit in the Market section below. Filter that Ventnor City commercial set by closing date to see what else sold near 110 South Surrey Avenue, Ventnor City, New Jersey 08406, United States around 2022. Published consideration for 110 South Surrey Avenue, Ventnor City, New Jersey 08406, United States is $1.5M, dated 2022. Cite this RE/MAX Platinum Properties Acquires Land In Ventnor For $1.5M With Buyer's Rep Garrett Turnbull & Seller's Rep Diane Ciliberti sale when underwriting similar commercial product around Ventnor City, New Jersey.
Players
Ventnor City CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93