Updated Dec 19, 2023
Seaside Heights Realty Inc. Acquires Land On 9 Ocean Ter For $2.4M
9 Ocean Terrace, Seaside Heights, New Jersey 08751, United States
$2,400,000
$551/SF
Building Size
4,356 SF
Asset Type
—
Closing
Aug 21, 2022
About this deal
AI
Located in Seaside Heights, the property at 9 Ocean Ter recently changed hands in a sale transaction. The land, spanning a total area of 4,356 square feet, was sold for a price of $2,400,000. The sale was facilitated by Joseph Cassese of Cassese Realtors, representing the seller, and Michael Loundy of Seaside Heights Realty Inc., who acted as the buyer's representative.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,400,000
- Lot Size: 4,356 square feet
- Price per Square Foot: $551
- Address: 9 Ocean Ter, Seaside Heights
- Market: Seaside Heights
The sale of 9 Ocean Ter in Seaside Heights was successfully completed with the assistance of Joseph Cassese from Cassese Realtors and Michael Loundy from Seaside Heights Realty Inc. These dedicated professionals played pivotal roles on behalf of their respective clients in ensuring a smooth and efficient transaction.
On the Map
$2,400,000
$551/SF
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Players
Seaside Heights 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93