Shire Realty Inc Acquires Land In Manasquan For $1.45M With Buyer's Rep Matthew Amato & Seller's Rep Colleen Dingley
SOLD
$1,450,000
New Jersey
See Similar DealsSold 04/29/2022
SOLD
Shire Realty Inc Acquires Land In Manasquan For $1.45M With Buyer's Rep Matthew Amato & Seller's Rep Colleen Dingley
435 Long Avenue, Manasquan, New Jersey 08736, United States
See Similar DealsSold 04/29/2022
Summary
NEW JERSEY
Transaction Type:Sale
The property involved in this closed transaction is a piece of land located at 435 Long Ave in Manasquan. The land has an area of approximately 0.25 acres. The transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,450,000
- Address: 435 Long Ave
- Market: Manasquan
- Buyer's Representative: Matthew Amato - Shire Realty Inc
- Seller's Representative: Colleen Dingley - Diane Turton, Realtors
The buyer in this transaction was represented by Matthew Amato from Shire Realty Inc. On the other hand, the seller was represented by Colleen Dingley from Diane Turton, Realtors. Both professionals played crucial roles in facilitating the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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