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
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.
Stone Harbor Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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