Updated Dec 21, 2023
Robert Layton & Brenda McIntyre Acquire 90-Acre Residential Land In Colts Neck, NJ For $2.75M
64 Montrose Road, Colts Neck, NJ, USA
$2,750,000
$30,555/SF
Building Size
90 SF
Asset Type
—
Closing
Apr 4, 2021
About this deal
AI
Located in Colts Neck, NJ, the residential land at 64 Montrose has been sold for a price of $2,750,000. Spanning across 90 acres, this property offers ample space for various purposes. With a price per acre (PPA) of $30,556, this transaction presents a valuable opportunity in the real estate market.
Summary of transaction details:
- Property Type: Residential Land
- Transaction Amount: $2,750,000
- Acres: 90
- Price per Acre (PPA): $30,556
Representing the buyer in this deal is Robert Layton from Burke & Manna Real Estate Agency. On the seller's side, Brenda McIntyre from Brenda McIntyre Realty facilitated the transaction. Both Robert Layton and Brenda McIntyre played pivotal roles in ensuring a successful completion of this property sale.
Players
Colts Neck 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93