Updated Dec 4, 2024
17-Acre Farmingdale Land At 0 West Farms Rd Sells For $1.6M With Buyer's & Seller's Reps
0 West Farms Road
$1,600,000
Building Size
—
Asset Type
Development Site
Closing
Feb 26, 2024
About this deal
AI
A 17-acre land parcel at 0 West Farms Road in Farmingdale was recently sold for $1.6 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,600,000
- Address: 0 West Farms Road
- Market: Farmingdale
Aleksandr Pritsker from EXP Realty represented the buyer in the transaction, while Menachem Lefkowitz from Crossroads Realty Sapphire Group represented the seller.
The development site sale at 0 West Farms Road in Howell, New Jersey sold for $1.6M in 2024. 0 West Farms Road is classified as Development Site on Traded. Aleksandr Pritsker, Menachem Lefkowitz, EXP Realty, Crossroads Realty Sapphire Group appear on the sale alongside EXP Realty, Crossroads Realty Sapphire Group. This page is the Howell, New Jersey file for the 0 West Farms Road development site sold: pricing, party profiles, and other closed development site comps from the same Howell sit in the Market section below. Filter that Howell development site set by closing date to see what else sold near 0 West Farms Road around 2024. Published consideration for 0 West Farms Road is $1.6M, dated 2024. Cite this 17-Acre Farmingdale Land At 0 West Farms Rd Sells For $1.6M With Buyer's & Seller's Reps sale when underwriting similar development site product around Howell, New Jersey.
Players
Howell Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93