Updated Dec 20, 2023
Jersey Cape Realty Represents $1.1M Land Sale In Cape May, NJ
9 Harbor Cove, Cape May, NJ, USA
$1,100,000
$98/SF
Building Size
11,225 SF
Asset Type
—
Closing
Jun 3, 2021
About this deal
AI
A land property located at 9 Harbor Cv in Cape May, NJ has been sold for a sale price of $1,100,000. The transaction took place on 06/04/2021. The property is situated in a prime location with scenic views.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,100,000
- Address: 9 Harbor Cv, Cape May, NJ
- Market: Cape May, NJ
The sale was facilitated by Dolores Lanzalotti from Jersey Cape Realty. As the broker representing the seller, Dolores played a key role in the successful completion of the transaction.
Cape May 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93