Updated Sep 9, 2024
Keller Williams Shore Properties Sells Oceanfront Land In Mantoloking, NJ For $4.8M
1201 Ocean Ave, Mantoloking, New Jersey 08738, United States
$4,800,000
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
A 1.28-acre land located at 1201 Ocean Ave in Mantoloking has been sold for a total of $4,800,000. The sale took place on September 16, 2022. The property was represented by Lisa Temple from Keller Williams Shore Properties, while Lawrence Greenberg from M. Van Sciver REALTORS acted as the buyer's representative.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,800,000
- Address: 1201 Ocean Ave
- Market: Mantoloking
- Size: 1.28 acres
This transaction marks the successful sale of the land, with Lisa Temple representing the seller and Lawrence Greenberg representing the buyer in the deal.
On the Map
$4,800,000
View full map
Players
Mantoloking CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93