Updated Sep 9, 2024
Joseph Kauterman Sells Land In Avalon, NJ For $2.1M
1819 Dune Drive, Avalon, New Jersey 08202, United States
$2,125,000
Building Size
—
Asset Type
—
Closing
Nov 17, 2022
About this deal
AI
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.
On the Map
$2,125,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93