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Devora Munk & Devorah Werther Of HomeSmart First Advantage Facilitate Sale Of Lakewood Land For $5M At 0 Joe Parker Road
SOLD
$5,000,000
New Jersey
See Similar DealsLand
Sold 03/01/2024
SOLD
Devora Munk & Devorah Werther Of HomeSmart First Advantage Facilitate Sale Of Lakewood Land For $5M At 0 Joe Parker Road
0 Joe Parker Road
See Similar DealsLand
Sold 03/01/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
The property involved in the transaction is a piece of land located at 0 Joe Parker Road in Lakewood. The sale price for this land was $5,000,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,000,000
- Address: 0 Joe Parker Road
- Market: Lakewood
Devora Munk and Devorah Werther of HomeSmart First Advantage acted as the brokers for this deal, facilitating the successful sale of the land at 0 Joe Parker Road.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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