Updated Dec 21, 2023
Jennifer Gensemer & Doug Wear Sell Residential Land In Stone Harbor For $1.93M
10017 Corinthian Dr, Stone Harbor, NJ, USA
$1,930,000
$238/SF
Building Size
8,100 SF
Asset Type
Development Site
Closing
Mar 18, 2021
About this deal
AI
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.
Players
Stone Harbor 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
8.22%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93