Updated Dec 19, 2023
Meyer Edery Real Estate Acquires Development Site In Long Branch For $1.45M
4 Jim Lynch Drive, Long Branch, NJ 07740, USA
$1,450,000
$54/SF
Building Size
26,458 SF
Asset Type
Development Site
Closing
Mar 21, 2021
About this deal
AI
A development site located at 4 Jim Lynch Dr in the Long Branch market has been sold for $1,450,000. The transaction took place on 03/22/2021. The property, represented by Meyer Edery of Meyer Edery Real Estate Agency Inc, offers potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,450,000
- Address: 4 Jim Lynch Dr, Long Branch
- Date: 03/22/2021
- Broker: Meyer Edery - Meyer Edery Real Estate Agency Inc
The sale of the development site at 4 Jim Lynch Dr was facilitated by Meyer Edery of Meyer Edery Real Estate Agency Inc. This transaction presents an opportunity for future development in the Long Branch market.
Players
Long Branch 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93