Berkshire Hathaway HomeServices Acquires Sea Bright Residential Land For $1.5 Million
SOLD
$1,500,000
New Jersey
See Similar DealsDevelopment Site6,969 SF
Sold
SOLD
Berkshire Hathaway HomeServices Acquires Sea Bright Residential Land For $1.5 Million
3 Henry Lane, Sea Bright, NJ, USA
See Similar DealsDevelopment Site6,969 SF
Sold
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$215
Total Square Footage:6969 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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