Updated Sep 9, 2024
Keller Williams Shore Properties Acquires Residential Land On Ocean Ave In Mantoloking, NJ
1133 Ocean Ave, Mantoloking, NJ, USA
$3,805,000
$102/SF
Building Size
37,052 SF
Asset Type
—
Closing
May 13, 2021
About this deal
AI
A residential land located at 1133 Ocean Ave in Mantoloking, NJ has been sold for a price of $3,805,000. The sale took place on May 14, 2021.
Summary of transation details
- Property Type: Residential Land
- Transaction Amount: $3,805,000
- Date: 05/14/2021
- Address: 1133 Ocean Ave, Mantoloking, NJ
- Market: Mantoloking, NJ
The buyer's representative in this transaction was Lisa Temple from Keller Williams Shore Properties, while the seller's representative was Susan Laymon from Childers Sotheby's Intl Realty.
The commercial sale at 1133 Ocean Ave, Mantoloking, NJ, USA in Mantoloking, New Jersey sold for $3.8M in 2021. The building is 37,052 square feet, implying about 102 per square foot on the published price. Susan Laymon, Lisa Temple, Sotheby's International Realty, Keller Williams Realty appear on the sale alongside Sotheby's International Realty, Keller Williams Realty. This page is the Mantoloking, New Jersey file for the 1133 Ocean Ave, Mantoloking, NJ, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Mantoloking sit in the Market section below. Filter that Mantoloking commercial set by closing date to see what else sold near 1133 Ocean Ave, Mantoloking, NJ, USA around 2021. Published consideration for 1133 Ocean Ave, Mantoloking, NJ, USA is $3.8M, dated 2021. Cite this Keller Williams Shore Properties Acquires Residential Land On Ocean Ave In Mantoloking, NJ sale when underwriting similar commercial product around Mantoloking, New Jersey.
Players
Mantoloking CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93