Island Realty-Surf City Sells Development Site On Shore Ave In Surf City, NJ For $1,025,000
SOLD
$1,025,000
New Jersey
See Similar DealsDevelopment Site5,000 SF
Sold 05/08/2021
SOLD
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
See Similar DealsDevelopment Site5,000 SF
Sold 05/08/2021
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$205
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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