Jerome DiPentino Brokers $1.52M Land Sale In Longport Borough, NJ
4 South 31st Avenue, Longport, New Jersey 08403, United States
$1,520,000
$218/SF
Building Size
6,969 SF
Asset Type
—
Closing
Jan 3, 2022
AI
A land located at 4 N 31st Ave in Longport Borough, NJ was recently sold for $1,520,000. The land has a lot size of 6,969 square feet, resulting in a price per square foot of $218. The transaction took place on January 4, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,520,000
- Lot Size: 6,969 square feet
- Price Per Square Foot: $218
- Address: 4 N 31st Ave, Longport Borough, NJ
- Market: Longport Borough, NJ
The sale was facilitated by Jerome DiPentino of Long & Foster Real Estate, Inc. He represented the buyer and/or seller in the deal.
Longport 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
10.44%
Cash-on-Cash
-2.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93