Updated Dec 4, 2024
5.13-Acre Farm In Colts Neck Sells For $1.45M With Carmelo Morabito And Pascale Coppola As Reps
108 Route 537
$1,450,000
$319/SF
Building Size
4,545 SF
Asset Type
Farm
Closing
Oct 6, 2023
About this deal
AI
A 5.13-acre farm located at 108 Route 537 in Colts Neck has been sold for $1.45 million. The farm spans 4,545 square feet, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $1,450,000
- Address: 108 Route 537
- Market: Colts Neck
- Size: 5.13 acres
The buyer's representative in this transaction was Carmelo Morabito from Keller Williams, while the seller was represented by Pascale Coppola from Heritage House Sotheby's International Realty.
Note: This transaction involves the sale of a 5.13-acre farm in Colts Neck at 108 Route 537, which was sold for $1.45 million. The property encompasses 4,545 square feet, resulting in a price per square foot of $319. The buyer was represented by Carmelo Morabito of Keller Williams, with the seller being represented by Pascale Coppola of Sotheby's International Realty.
Players
Colts Neck Farm Market Snapshot
Boundary boundary · Farm · 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