Berkshire Hathaway HomeServices Acquires Land In Sea Bright For $1.5M
SOLD
$1,499,000
New Jersey
See Similar Deals6,969 SF
Sold 06/13/2022
SOLD
Berkshire Hathaway HomeServices Acquires Land In Sea Bright For $1.5M
3 Henry Lane, Sea Bright, New Jersey 07760, United States
See Similar Deals6,969 SF
Sold 06/13/2022
Summary
NEW JERSEY
Price Per Square Foot:$215
Total Square Footage:6,969 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,946.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,325.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,106.02
Annual Debt Service$85,272.30
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