Updated Dec 21, 2023
Residential Land In Avalon, NJ Sells For $1.8M
171 24th Street, Avalon, New Jersey 08202, United States
$1,800,000
Building Size
—
Asset Type
—
Closing
Jan 13, 2022
About this deal
AI
171 24th St in Avalon, NJ was recently sold for $1,800,000. The property is classified as residential land and was sold on 01/14/2022.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $1,800,000
- Address: 171 24th St, Avalon, NJ
- Sale Date: 01/14/2022
- Market: Avalon, NJ
The sale was facilitated by broker Robert Scully Jr. of Ferguson Dechert, Inc. He represented the seller in the transaction.
The commercial sale at 171 24th Street, Avalon, New Jersey 08202, United States in Avalon, New Jersey sold for $1.8M in 2022. Named participants on the 171 24th Street, Avalon, New Jersey 08202, United States sale are Robert Scully Jr.. This page is the Avalon, New Jersey file for the 171 24th Street, Avalon, New Jersey 08202, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Avalon sit in the Market section below. Filter that Avalon commercial set by closing date to see what else sold near 171 24th Street, Avalon, New Jersey 08202, United States around 2022. Published consideration for 171 24th Street, Avalon, New Jersey 08202, United States is $1.8M, dated 2022. Cite this Residential Land In Avalon, NJ Sells For $1.8M sale when underwriting similar commercial product around Avalon, New Jersey.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93