Updated Dec 21, 2023
Compass RE - Sic Brokers $2.5M Land Sale In Sea Isle City, NJ
4471 Venicean Road, Sea Isle City, NJ 08243
$2,500,000
$499/SF
Building Size
5,001 SF
Asset Type
—
Closing
Jun 11, 2020
About this deal
AI
A land property located at 4471 Venicean Rd in Sea Isle City, NJ was recently sold for $2,500,000. The sale was facilitated by Dustin Laricks from Compass RE - Sic.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,500,000
- Market: Sea Isle City, NJ
- Broker: Dustin Laricks - Compass RE - Sic
Dustin Laricks from Compass RE - Sic represented the parties involved in the transaction. No additional details about the property or the deal were provided in the available information.
Players
Sea Isle City 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93