Compass RE - Sic Brokers $2.5M Land Sale In Sea Isle City, NJ
SOLD
$2,500,000
New Jersey
See Similar Deals5,001 SF
Sold 06/11/2020
SOLD
Compass RE - Sic Brokers $2.5M Land Sale In Sea Isle City, NJ
4471 Venicean Road, Sea Isle City, NJ 08243
See Similar Deals5,001 SF
Sold 06/11/2020
Summary
NEW JERSEY
Price Per Square Foot:$499
Total Square Footage:5,001 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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