Updated Dec 21, 2023
Hoffman Agency Sells Land In Wildwood Crest, NJ For $1.45M
7204 Atlantic Avenue, Wildwood Crest, New Jersey 08260, United States
$1,450,000
$232/SF
Building Size
6,242 SF
Asset Type
—
Closing
Dec 10, 2021
About this deal
AI
A land located at 7204 Atlantic Ave in Wildwood Crest, NJ has been sold for $1,450,000. The sale took place on 12/10/2021 and was facilitated by Carole Pantalone from the Hoffman Agency, serving as the seller's representative. The buyer's representative in this transaction was Jacqueline Byron, also from the Hoffman Agency.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,450,000
- Date: 12/10/2021
- Address: 7204 Atlantic Ave, Wildwood Crest, NJ
- Market: Wildwood Crest, NJ
Carole Pantalone, representing the seller, and Jacqueline Byron, representing the buyer, played integral roles in the successful completion of this land sale transaction.
Players
Wildwood 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93