Updated Dec 20, 2023
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
—
Asset Type
—
Closing
Aug 7, 2022
About this deal
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.
The commercial sale at 672 Ocean Avenue, Sea Bright, New Jersey 07760, United States in Sea Bright, New Jersey sold for $2.3M in 2022. Karin Busichio, Kerrin O'Brien, O'Brien Realty, Berkshire Hathaway HomeServices appear on the sale alongside O'Brien Realty, Berkshire Hathaway HomeServices. This page is the Sea Bright, New Jersey file for the 672 Ocean Avenue, Sea Bright, New Jersey 07760, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Sea Bright sit in the Market section below. Filter that Sea Bright commercial set by closing date to see what else sold near 672 Ocean Avenue, Sea Bright, New Jersey 07760, United States around 2022. Published consideration for 672 Ocean Avenue, Sea Bright, New Jersey 07760, United States is $2.3M, dated 2022. Cite this Berkshire Hathaway HomeServices Fox & Roach Acquires Land In Sea Bright For $2.325M sale when underwriting similar commercial product around Sea Bright, New Jersey.
Players
Sea Bright 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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93