Updated Dec 20, 2023
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
About this deal
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.
The development site sale at 1113 Ocean Avenue, Mantoloking, NJ, USA in Mantoloking, New Jersey sold for $3.3M in 2021. The building is 7,000 square feet, implying about 475 per square foot on the published price. Lawrence Greenberg, Gregory DeTommaso, M. Van Sciver Realtors, Berkshire Hathaway HomeServices appear on the sale alongside M. Van Sciver Realtors, Berkshire Hathaway HomeServices. This page is the Mantoloking, New Jersey file for the 1113 Ocean Avenue, Mantoloking, NJ, USA development site sold: pricing, party profiles, and other closed development site comps from the same Mantoloking sit in the Market section below. Filter that Mantoloking development site set by closing date to see what else sold near 1113 Ocean Avenue, Mantoloking, NJ, USA around 2021. Published consideration for 1113 Ocean Avenue, Mantoloking, NJ, USA is $3.3M, dated 2021. Cite this Berkshire Hathaway HomeServices Acquires Mantoloking Land For $3.3M sale when underwriting similar development site product around Mantoloking, New Jersey.
Players
Mantoloking Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Lawrence Greenberg to view all their deals.
Browse New Jersey development site sales on Traded.
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