Berkshire Hathaway Home Services Fox & Roach Acquires Land In Avalon, NJ For $3.5M
SOLD
$3,500,000
New Jersey
See Similar DealsSold 02/04/2022
SOLD
Berkshire Hathaway Home Services Fox & Roach Acquires Land In Avalon, NJ For $3.5M
2158 Ocean Drive, Avalon, New Jersey 08202, United States
See Similar DealsSold 02/04/2022
Summary
NEW JERSEY
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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