Updated Dec 19, 2023
Berkshire Hathaway HomeServices Acquires Land In Sea Bright For $1.5M
3 Henry Lane, Sea Bright, New Jersey 07760, United States
$1,499,000
$215/SF
Building Size
6,969 SF
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
Located in Sea Bright, this land property at 3 Henry Ln has been sold in a recent closed transaction. The property is comprised of a lot with a size of 6,969 square feet. The sale price for this transaction was $1,499,000, resulting in a price per square foot of $215.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,499,000
- Lot Size: 6,969 square feet
- Price per Square Foot: $215
- Address: 3 Henry Ln, Sea Bright
Representing the buyer's side in this transaction was Charles Palmadesso from Berkshire Hathaway HomeServices Fox & Roach. On the seller's side, Maureen Kaltenbach from Better Homes and Gardens Real Estate Murphy & Co. acted as the seller's representative.
Players
Rumson 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