Paragano Real Estate Represents Buyer In $2.45M Land Sale In Spring Lake
65 South Boulevard, Spring Lake, NJ, USA
$2,450,000
$314/SF
Building Size
7,800 SF
Asset Type
Development Site
Closing
Dec 22, 2020
AI
65 South Boulevard, located in Spring Lake, was recently sold for $2,450,000. This property is classified as land (residential) and offers a valuable investment opportunity in a desirable location. The sale was completed on December 23, 2020.
Summary of transaction details
- Property Type: Land (Residential)
- Transaction Amount: $2,450,000
- Address: 65 South Boulevard
- Market: Spring Lake
The buyer's representative in this transaction was Dominick Paragano from Paragano Real Estate, while the seller was represented by Susan Miller from Diane Turton Realtors. Their expertise and negotiation skills were integral in facilitating a successful deal.
Players
Spring Lake 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93