Berkshire Hathaway HomeServices Acquires Land In Belmar For $1.83M
12 Inlet Terrace, Belmar, New Jersey 07719, United States
$1,830,000
Building Size
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Asset Type
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Closing
May 16, 2022
AI
A land in Belmar located at 12 Inlet Ter has been sold for $1,830,000. The transaction took place on 05/17/2022. The sale of this property was facilitated by Patrick Butera from Berkshire Hathaway HomeServices New Jersey Properties.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,830,000
- Address: 12 Inlet Ter, Belmar
- Date: 05/17/2022
- Market: Belmar
Patrick Butera from Berkshire Hathaway HomeServices New Jersey Properties acted as the broker for this sale. There are no additional details available regarding this transaction.
Belmar 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
8.67%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93