SOLDDevelopment Site
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
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.
Players
Howell Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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