Berkshire Hathaway HomeServices Fox & Roach Acquires Land In Avalon For $3.5M
SOLD
$3,500,000
New Jersey
See Similar Deals6,600 SF
Sold 03/18/2022
SOLD
Berkshire Hathaway HomeServices Fox & Roach Acquires Land In Avalon For $3.5M
2188 Ocean Drive, Avalon, New Jersey 08202, United States
See Similar Deals6,600 SF
Sold 03/18/2022
Summary
NEW JERSEY
Price Per Square Foot:$530
Total Square Footage:6,600 SF
Transaction Type:Sale
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.
Players
BROKERAGE
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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