Updated Sep 9, 2024
Berkshire Hathaway HomeServices Fox & Roach Acquires Land In Avalon For $3.5M
2188 Ocean Drive, Avalon, New Jersey 08202, United States
$3,500,000
$530/SF
Building Size
6,600 SF
Asset Type
—
Closing
Mar 17, 2022
About this deal
AI
Located at 2188 Ocean Dr in Avalon, this property transaction involved the sale of land. The deal took place on March 18, 2022, and was represented by John "Jack" Vizzard from Berkshire Hathaway HomeServices Fox & Roach on the seller's side, and Kelly Mead from Compass on the buyer's side.
Summary of transaction details
- Property Type: Land
- Sale Price: $3,500,000
- Address: 2188 Ocean Dr, Avalon
- Market: Avalon
John "Jack" Vizzard from Berkshire Hathaway HomeServices Fox & Roach represented the seller in this transaction, while Kelly Mead from Compass represented the buyer. The successful sale of this land demonstrates the expertise and professionalism of both the seller's and buyer's representatives.
On the Map
$3,500,000
$530/SF
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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