facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Farm

/

Sale

/

108 Route 537

Updated Dec 4, 2024

5.13-Acre Farm In Colts Neck Sells For $1.45M With Carmelo Morabito And Pascale Coppola As Reps
SOLDFarm

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

Pascale Nahas Coppola

Sotheby's International Realty

Broker

$1.5M

vol

1 deal

Broker

Colts Neck Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

Loading comparables…

Deal FAQ

About $319 per square foot on a published $1.5M for 4,545 square feet (2023).

Visit Sotheby's International Realty to view all their deals.

Browse Colts Neck farm sales on Traded.

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

More Deals

Nearby Markets