Updated Dec 20, 2023
Ashley Franchini Of Soleil Sotheby's Acquires Land On Amherst Ave In Margate, NJ For $1.57M
9204 Amherst Avenue, Margate City, New Jersey 08402, United States
$1,565,000
Building Size
—
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
A land property located at 9204-9206 Amherst Ave in Margate, NJ, was recently sold for a transaction amount of $1,565,000. The sale took place on 12/21/2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,565,000
Ashley Franchini of Soleil Sotheby's International Realty represented the seller as the broker in this deal.
The commercial sale at 9204 Amherst Avenue, Margate City, New Jersey 08402, United States in Margate City, New Jersey sold for $1.6M in 2021. Ashley Franchini, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty. This page is the Margate City, New Jersey file for the 9204 Amherst Avenue, Margate City, New Jersey 08402, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Margate City sit in the Market section below. Filter that Margate City commercial set by closing date to see what else sold near 9204 Amherst Avenue, Margate City, New Jersey 08402, United States around 2021. Published consideration for 9204 Amherst Avenue, Margate City, New Jersey 08402, United States is $1.6M, dated 2021. Cite this Ashley Franchini Of Soleil Sotheby's Acquires Land On Amherst Ave In Margate, NJ For $1.57M sale when underwriting similar commercial product around Margate City, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.14%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93