M. Van Sciver REALTORS Facilitates $3M Land Sale In Bay Head, NJ
2 Mount Street, Bay Head, New Jersey 08742, United States
$3,000,000
Building Size
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Asset Type
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Closing
Aug 28, 2022
AI
The property in question is a land located at 2 Mount St in Bay Head. The transaction took place on August 29, 2022, and was a sale for a total price of $3,000,000. The property was represented by brokers Kim Evans and Lawrence Greenberg from M. Van Sciver REALTORS.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,000,000
- Address: 2 Mount St
- Market: Bay Head
The deal was facilitated by brokers Kim Evans and Lawrence Greenberg from M. Van Sciver REALTORS. They played a key role in the negotiations and ensured the successful completion of the sale transaction.
Bay Head CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93