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
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.
Players
Rumson 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93