Berkshire Hathaway HomeServices Acquires Mantoloking Land For $3.3M
1113 Ocean Avenue, Mantoloking, NJ, USA
$3,325,000
$475/SF
Building Size
7,000 SF
Asset Type
Development Site
Closing
Jan 6, 2021
AI
A land located at 1113 Ocean Avenue in Mantoloking has been sold in a recent transaction. The property was sold on 01/07/2021 for a total price of $3,325,000. The land is situated in a desirable location in Mantoloking.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,325,000
Gregory DeTommaso from Berkshire Hathaway HomeServices represented the buyer in this transaction, while Lawrence Greenberg from M. Van Sciver Realtors represented the seller.
Players
Mantoloking Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93