Updated Dec 21, 2023
Fiedler Real Estate Acquires 119 Acres Of Land In Washington Twp For $1.2M
161 East Asbury Anderson Road, Washington, NJ, USA
$1,225,000
$0/SF
Building Size
5,140,080 SF
Asset Type
Development Site
Closing
Jan 21, 2021
About this deal
AI
The transaction involved the sale of a land property located at 161 E. Asbury Anderson Road in Washington Twp. The land spans across 119 acres and was sold for a price of $1,225,000, resulting in a price per acre of $10,294.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,225,000
- Address: 161 E. Asbury Anderson Road
- Market: Washington Twp
- Acres: 119
The sellers' representative in the deal was Daniel Fiedler from Fiedler Real Estate, and the buyers' representative was Jefferey Fiedler, also from Fiedler Real Estate.
Players
Washington 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93