Updated Dec 21, 2023
Joy Luedtke Real Estate, LLC Acquires Development Site In Harvey Cedars For $1.15M
22 Warwick Avenue, Harvey Cedars, NJ, USA
$1,150,000
$123/SF
Building Size
9,348 SF
Asset Type
Development Site
Closing
Mar 4, 2021
About this deal
AI
An development site located at 22 Warwick Ave in Harvey Cedars was recently sold for $1,150,000. The transaction took place on 03/05/2021. The property is situated in a desirable market area and offers potential for development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,150,000
- Address: 22 Warwick Ave
- Market: Harvey Cedars
The sale of the property was facilitated by brokers Lieben Luedtke and Joy Luedtke from Joy Luedtke Real Estate, LLC. They represented the parties involved in the transaction and ensured a smooth deal process.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93