Updated Sep 5, 2024
Michael C. Powers & Richard Roach Jr. Acquire Land In Wildwood Crest, NJ For $1.775M
425 E Louisville Ave, Wildwood Crest, NJ, USA
$1,775,000
$16/SF
Building Size
108,809 SF
Asset Type
—
Closing
Sep 22, 2021
About this deal
AI
An undeveloped land located at 425 E Louisville Ave in Wildwood Crest, NJ was recently sold for $1,775,000. The transaction took place on September 23, 2021. The property is situated in a desirable market and offers great potential for development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,775,000
- Address: 425 E Louisville Ave, Wildwood Crest, NJ
- Market: Wildwood Crest, NJ
The sale was facilitated by Michael C. Powers and Richard Roach Jr., representing Keller Williams Realty Jersey Shore. Their expertise in the local real estate market played a crucial role in closing the deal successfully.
On the Map
$1,775,000
$16/SF
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Players
Wildwood 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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93