Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Sea Bright Residential Land For $1.5 Million
3 Henry Lane, Sea Bright, NJ, USA
$1,500,000
$215/SF
Building Size
6,969 SF
Asset Type
Development Site
Closing
Mar 17, 2021
About this deal
AI
A residential land located at 3 Henry Ln in Sea Bright was sold on 03/18/2021. The property was sold for $1,500,000.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $1,500,000
- Address: 3 Henry Ln
- Market: Sea Bright
The sale of this residential land was facilitated by Karin Busichio & Mario Venancio from Berkshire Hathaway HomeServices Fox & Roach.
There is no additional information available regarding this transaction.
The development site sale at 3 Henry Lane, Sea Bright, NJ, USA in Rumson, New Jersey sold for $1.5M in 2021. The building is 6,969 square feet, implying about 215 per square foot on the published price. Karin Busichio, Mario Venacio, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Rumson, New Jersey file for the 3 Henry Lane, Sea Bright, NJ, USA development site sold: pricing, party profiles, and other closed development site comps from the same Rumson sit in the Market section below. Filter that Rumson development site set by closing date to see what else sold near 3 Henry Lane, Sea Bright, NJ, USA around 2021. Published consideration for 3 Henry Lane, Sea Bright, NJ, USA is $1.5M, dated 2021. Cite this Berkshire Hathaway HomeServices Acquires Sea Bright Residential Land For $1.5 Million sale when underwriting similar development site product around Rumson, New Jersey.
Players
Rumson Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $215 per square foot on a published $1.5M for 6,969 square feet (2021).
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Browse Rumson development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93