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539 Club Dr, Bay Head, NJ, USA

Updated Dec 21, 2023

Diane Turton, Realtors-Bay Head Acquires Residential Land In Bay Head For $1.35M
SOLDCo-Op

Diane Turton, Realtors-Bay Head Acquires Residential Land In Bay Head For $1.35M

539 Club Dr, Bay Head, NJ, USA

$1,350,000

$140/SF

Building Size

9,583 SF

Asset Type

Co-Op

Closing

Mar 14, 2021

About this deal

AI

A residential land located at 539 Club Dr in Bay Head was recently sold for $1,350,000. The sale was completed on 03/15/2021. The property is situated in a desirable location in Bay Head and offers potential for various residential development opportunities.

Summary of transaction details

  • Property Type: Residential Land
  • Transaction Amount: $1,350,000
  • Address: 539 Club Dr, Bay Head
  • Market: Bay Head

The transaction was facilitated by Patricia Niebling and Gloria Carpinello from Diane Turton, Realtors-Bay Head. They represented the parties involved in the deal, ensuring a smooth and successful transaction.

Players

Patricia Niebling

Diane Turton, Realtors

Broker

$1.4M

vol

1 deal

Broker

Bay Head Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Deal FAQ

About $140 per square foot on a published $1.4M for 9,583 square feet (2021).

Visit Diane Turton, Realtors to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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