Updated Dec 22, 2023
Berkshire Hathaway Home Services Fox & Roach Acquires Land In Avalon, NJ For $3.5M
2158 Ocean Drive, Avalon, New Jersey 08202, United States
$3,500,000
Building Size
—
Asset Type
—
Closing
Feb 3, 2022
About this deal
AI
The transaction involved the sale of a land property located at 2158 Ocean Dr in Avalon, NJ. The sale was facilitated by John "Jack" Vizzard from Berkshire Hathaway Home Services Fox & Roach, representing the seller. Paul Sudell from Ferguson Dechert acted as the buyer's representative in the deal. The sale took place on 02/04/2022 for a price of $3,500,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,500,000
- Address: 2158 Ocean Dr
- Market: Avalon, NJ
John "Jack" Vizzard, from Berkshire Hathaway Home Services Fox & Roach, represented the seller in this transaction. Paul Sudell, from Ferguson Dechert, acted as the buyer's representative. Both individuals played pivotal roles in ensuring the successful completion of the sale.
On the Map
$3,500,000
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Players
Avalon 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93