Updated Nov 20, 2023
Joe Butler - A. Lewis Purdy Real Estate Sells Land In Avalon, NJ For $21M
163 68th St, Avalon, New Jersey 08202, United States
$21,000,000
Building Size
—
Asset Type
—
Closing
Nov 27, 2022
About this deal
AI
163 & 165 68th Street, located in Avalon, NJ, has recently been sold in a closed transaction. The property, consisting of land, was sold for a total price of $21,000,000. The sale was facilitated by Joe Butler of A. Lewis Purdy Real Estate, who represented the parties involved in the transaction.
Summary of transation details
- Property Type: Land
- Transaction Amount: $21,000,000
- Address: 163 & 165 68th Street, Avalon, NJ
- Market: Avalon, NJ
This significant sale was overseen by Joe Butler of A. Lewis Purdy Real Estate. Mr. Butler acted as the broker representing the parties involved in the transaction. His expertise and knowledge in the Avalon real estate market were instrumental in closing this successful deal.
Players
Avalon CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93