Updated Dec 21, 2023
Diller Fisher Realtors Sells Stone Harbor Development Site For $2.5M
177 89th Street, Stone Harbor, NJ, USA
$2,525,000
$382/SF
Building Size
6,600 SF
Asset Type
Development Site
Closing
Feb 28, 2021
About this deal
AI
A development site located at 177 89th St in Stone Harbor has been sold for $2,525,000. The transaction took place on March 1, 2021. Stephan Frame of Diller Fisher Realtors represented the buyer and seller in this deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,525,000
This sale transaction involved a development site in Stone Harbor. Stephan Frame from Diller Fisher Realtors was the broker involved in representing both the buyer and seller in this deal.
The development site sale at 177 89th Street, Stone Harbor, NJ, USA in Stone Harbor, New Jersey sold for $2.5M in 2021. The building is 6,600 square feet, implying about 382 per square foot on the published price. Stephan Frame, Diller & Fisher Realtors appear on the sale alongside Diller & Fisher Realtors. This page is the Stone Harbor, New Jersey file for the 177 89th Street, Stone Harbor, NJ, USA development site sold: pricing, party profiles, and other closed development site comps from the same Stone Harbor sit in the Market section below. Filter that Stone Harbor development site set by closing date to see what else sold near 177 89th Street, Stone Harbor, NJ, USA around 2021. Published consideration for 177 89th Street, Stone Harbor, NJ, USA is $2.5M, dated 2021. Cite this Diller Fisher Realtors Sells Stone Harbor Development Site For $2.5M sale when underwriting similar development site product around Stone Harbor, New Jersey.
Stone Harbor 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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93