Updated Dec 21, 2023
RE/MAX Homeland Realtors Acquires Cream Ridge Development Site For $1.12M
5 Manor Dr, Cream Ridge, NJ, USA
$1,120,000
$218/SF
Building Size
5,123 SF
Asset Type
Development Site
Closing
Apr 29, 2021
About this deal
AI
A development site located at 5 Manor Dr in Cream Ridge, NJ was recently sold for $1,120,000. The property spans 5,123 square feet, resulting in a price per square foot of $219.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,120,000
- Square Feet: 5,123
- Price per Square Foot: $219
- Address: 5 Manor Dr, Cream Ridge, NJ
- Market: Cream Ridge, NJ
- Seller's Representative: JoAnn Stewart - Berkshire Hathaway HomeServices Fox & Roach
- Buyer's Representative: Jennifer Boncic - RE/MAX Homeland Realtors
The buyer of the property was represented by Jennifer Boncic from RE/MAX Homeland Realtors, while JoAnn Stewart from Berkshire Hathaway HomeServices Fox & Roach acted as the seller's representative in this transaction.
Players
Cream Ridge 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93