Updated Sep 9, 2024
Island Realty-Surf City Sells Development Site On Shore Ave In Surf City, NJ For $1,025,000
112 Shore Ave, Surf City, NJ, USA
$1,025,000
$205/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
May 7, 2021
About this deal
AI
A development site located at 112 Shore Ave in Surf City, NJ has been sold for a price of $1,025,000. The transaction took place on 05/08/2021. The development site spans a total of 5,000 square feet, resulting in a price per square foot of $205.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,025,000
- Date: 05/08/2021
- Address: 112 Shore Ave
- Market: Surf City, NJ
- BSF: 5,000
- PPBSF: $205
William Hodgson Jr, representing Island Realty-Surf City, served as the broker in this transaction.
Players
Surf City 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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93