Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Land In Belmar For $1.83M
12 Inlet Terrace, Belmar, New Jersey 07719, United States
$1,830,000
Building Size
—
Asset Type
—
Closing
May 16, 2022
About this deal
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.
On the Map
$1,830,000
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Belmar CRE Market Snapshot
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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