Updated Dec 21, 2023
Rickey DiMaria - JK Realty Sells Land In Avalon Boro, NJ For $1.6M
Avalon Boro, 6080 Ocean Dr, Avalon, NJ, USA
$1,625,000
$248/SF
Building Size
6,534 SF
Asset Type
—
Closing
Aug 26, 2021
About this deal
AI
Located at 6080 Ocean Dr in Avalon Boro, NJ, this property is a land asset that recently underwent a sale transaction. The sale was facilitated by Rickey DiMaria from JK Realty. The deal was closed on August 26, 2021.
Summary of transation details
- Property Type: Land
- Sale Price: $1,625,000
- Lot Size: 6,534 square feet
- Price per square foot: $249
This transaction marks the sale of a valuable land asset in Avalon Boro, NJ. With a sale price of $1,625,000, this property spans an area of 6,534 square feet, resulting in a price per square foot of $249. Rickey DiMaria of JK Realty played a crucial role as the broker representing the parties involved in this successful sale.
Players
Avalon 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93