Coastal Living Real Estate Group Sells Beach Haven Development Site For $2.82M
SOLD
$2,820,000
New Jersey
See Similar DealsDevelopment Site20,512 SF
Sold
SOLD
Coastal Living Real Estate Group Sells Beach Haven Development Site For $2.82M
415 Jeffries Avenue, Beach Haven, NJ, USA
See Similar DealsDevelopment Site20,512 SF
Sold
Summary
NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$137
Total Square Footage:20512 SF
Transaction Type:Sale
A development site in Beach Haven has been sold for $2,820,000. The property is located at 415 Jefferies Ave and was sold on March 26, 2021. The sale was facilitated by Bonnie Wells from Coastal Living Real Estate Group.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,820,000
- Address: 415 Jefferies Ave
- Market: Beach Haven
Bonnie Wells from Coastal Living Real Estate Group represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,018.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,368.24
Annual Debt Service$160,418.86
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