Keller Williams Shore Properties Acquires Residential Land On Ocean Ave In Mantoloking, NJ
SOLD
$3,805,000
New Jersey
See Similar Deals37,052 SF
Sold 05/14/2021
SOLD
Keller Williams Shore Properties Acquires Residential Land On Ocean Ave In Mantoloking, NJ
1133 Ocean Ave, Mantoloking, NJ, USA
See Similar Deals37,052 SF
Sold 05/14/2021
Summary
NEW JERSEY
Price Per Square Foot:$102
Total Square Footage:37,052 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,518.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,037.64
Annual Debt Service$216,451.69
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