Updated Dec 20, 2023
RE/MAX At Barnegat Bay - Ship Bottom Broker Edward Freeman Sells Development Site In Harvey Cedars For $3.08M
12 East Burlington Avenue, Harvey Cedars, NJ, USA
$3,080,000
$233/SF
Building Size
13,200 SF
Asset Type
Development Site
Closing
Mar 2, 2021
About this deal
AI
A development site located at 12 E Burlington Ave in Harvey Cedars was sold for a total price of $3,080,000. The site spans an area of 0.30 acres. The transaction took place on March 3, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,080,000
- Address: 12 E Burlington Ave, Harvey Cedars
- Market: Harvey Cedars
- Broker: Edward Freeman - RE/MAX at Barnegat Bay - Ship Bottom
- Image: Edward Freeman
- Date: 03/03/2021
- Acre: 0.30
The sale was facilitated by Edward Freeman from RE/MAX at Barnegat Bay - Ship Bottom. The transaction represents the successful transfer of ownership of the development site, providing an opportunity for future development and investment in Harvey Cedars.
Players
Harvey Cedars 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
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93