Berkshire Hathaway HomeServices Fox & Roach Acquires Land In Sea Bright For $2.325M
672 Ocean Avenue, Sea Bright, New Jersey 07760, United States
$2,325,000
Building Size
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Asset Type
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Closing
Aug 7, 2022
AI
A land located at 672 Ocean Ave in Sea Bright has been sold for a price of $2,325,000. The transaction took place on August 8, 2022. The property is situated in a desirable market area.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,325,000
- Address: 672 Ocean Ave
- Market: Sea Bright
Karen Busichio from Berkshire Hathaway HomeServices Fox & Roach represented the buyer in this deal, while Kerrin O'Brien from O'Brien Realty represented the seller.
Players
Sea Bright CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93