Joseph Kauterman Sells Land In Avalon, NJ For $2.1M
SOLD
$2,125,000
New Jersey
See Similar DealsSold 11/17/2022
SOLD
Joseph Kauterman Sells Land In Avalon, NJ For $2.1M
1819 Dune Drive, Avalon, New Jersey 08202, United States
See Similar DealsSold 11/17/2022
Summary
NEW JERSEY
Transaction Type:Sale
A land located at 1819 Dune Dr in Avalon, NJ, was recently sold for $2,125,000. The transaction took place on November 17, 2022, and the property was sold by Joseph Kauterman of Avalon/Stone Harbor Real Estate. The buyer was represented by Paul Sudell of Ferguson Dechert Inc.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,125,000
- Date: November 17, 2022
- Address: 1819 Dune Dr, Avalon, NJ
- Seller's Representative: Joseph Kauterman - Avalon/Stone Harbor Real Estate
- Buyer's Representative: Paul Sudell - Ferguson Dechert Inc
Joseph Kauterman from Avalon/Stone Harbor Real Estate facilitated the sale of the land located at 1819 Dune Dr in Avalon, NJ. Paul Sudell from Ferguson Dechert Inc represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,549.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,073.58
Annual Debt Service$120,883.01
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