Updated Dec 21, 2023
Jamie Pavlis Real Estate, Inc. Sells 11 Acre Development Site In Howell For $1.5M
413 Oak Glen Road, Howell Township, NJ, USA
$1,500,000
$157/SF
Building Size
9,500 SF
Asset Type
Development Site
Closing
Feb 18, 2021
About this deal
AI
A development site located at 413 Oak Glen Road in Howell was recently sold for $1,500,000. Covering an area of 11 acres, the property was listed at a price per acre of $136,364, indicating its potential value. The transaction took place on February 19, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 413 Oak Glen Road
- Market: Howell
- Acres: 11
- Price per Acre: $136,364
The sale was facilitated by Deborah Pavlis of Jamie Pavlis Real Estate, Inc., who represented the seller or buyer in this deal. Their expertise in the market played a vital role in the successful transaction.
Players
Howell 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