Updated Dec 18, 2023
Gina Corbisiero's Land In Morganville Sold For $1.2M Via CARA Realtors
414 Texas Road, Morganville, New Jersey 07751, United States
$1,200,000
$300/SF
Building Size
4,000 SF
Asset Type
—
Closing
May 9, 2022
About this deal
AI
Located in Morganville, this transaction involved the sale of a 9.41-acre land parcel at 414 Texas Rd. The seller's representative, Gina Corbisiero from CARA Realtors, facilitated the deal.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,200,000
- Square Footage: 4,000
- Price per Square Foot: $300
- Market: Morganville
This sale marked the transfer of ownership for the land at 414 Texas Rd. Gina Corbisiero, representing the seller, played a crucial role in the transaction. The property, spanning 9.41 acres and offering 4,000 square feet of space, sold for a price of $1,200,000 at a rate of $300 per square foot.
Players
Morganville 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93