Jennifer Gensemer & Doug Wear Sell Residential Land In Stone Harbor For $1.93M
SOLD
$1,930,000
New Jersey
See Similar DealsDevelopment Site8,100 SF
Sold 03/19/2021
SOLD
Jennifer Gensemer & Doug Wear Sell Residential Land In Stone Harbor For $1.93M
10017 Corinthian Dr, Stone Harbor, NJ, USA
See Similar DealsDevelopment Site8,100 SF
Sold 03/19/2021
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$238
Total Square Footage:8,100 SF
Transaction Type:Sale
Located in Stone Harbor, this residential land property at 10017 Corinthian Dr recently changed hands in a closed transaction. The deal was finalized on 03/19/2021, with a sale price of $1,930,000. Jennifer Gensemer from Long & Foster Real Estate, Inc represented the buyer, while Doug Wear from Ferguson-Dechert, Inc acted as the seller's representative.
Summary of transaction details:
- Property Type: Residential Land
- Transaction Amount: $1,930,000
- Address: 10017 Corinthian Dr
- Market: Stone Harbor
Jennifer Gensemer from Long & Foster Real Estate, Inc played a crucial role as the buyer's representative in this deal. On the other side, Doug Wear from Ferguson-Dechert, Inc skillfully represented the seller. Throughout the transaction, both representatives worked diligently to ensure a successful outcome for their clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,856.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,149.18
Annual Debt Service$109,790.22
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