Updated Dec 21, 2023
Encore Real Estate Represents Buyer In $1.5M Land Sale In Manasquan, NJ
236 2nd Avenue, Manasquan, NJ, USA
$1,500,000
$150/SF
Building Size
10,001 SF
Asset Type
—
Closing
Nov 2, 2021
About this deal
AI
The property asset involved in this transaction is a piece of land located at 236 2nd Ave, Manasquan, NJ. The sale of this land was represented by Pauline Evans from Ward Wight Sotheby's International Realty, acting as the seller's representative, and Mildred Citarella from Encore Real Estate, acting as the buyer's representative. The transaction took place on 11/02/2021, with a sale price of $1,500,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,500,000
- Address: 236 2nd Ave, Manasquan, NJ
- Market: Manasquan, NJ
Pauline Evans from Ward Wight Sotheby's International Realty represented the seller in this transaction. Mildred Citarella from Encore Real Estate represented the buyer. Both parties played a crucial role in facilitating the sale of this piece of land.
Players
Manasquan 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93