facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

All

/

Sale

/

1201 Ocean Ave, Mantoloking...

Keller Williams Shore Properties Sells Oceanfront Land In Mantoloking, NJ For $4.8M
SOLD

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

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.

Players

Lawrence Greenberg

M. Van Sciver Realtors

Broker

$24.9M

vol

7 deals

Broker

Mantoloking CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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