Updated Dec 4, 2024
Devora Munk & Devorah Werther Of HomeSmart First Advantage Facilitate Sale Of Lakewood Land For $5M At 0 Joe Parker Road
0 Joe Parker Road
$5,000,000
Building Size
—
Asset Type
Land
Closing
Mar 1, 2024
About this deal
AI
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.
The land sale at 0 Joe Parker Road in Lakewood, New Jersey sold for $5M in 2024. 0 Joe Parker Road is classified as Land on Traded. Devora Munk, Devorah Werther, HomeSmart Realty Group, HomeSmart First Advantage appear on the sale alongside HomeSmart Realty Group, HomeSmart First Advantage. This page is the Lakewood, New Jersey file for the 0 Joe Parker Road land sold: pricing, party profiles, and other closed land comps from the same Lakewood sit in the Market section below. Filter that Lakewood land set by closing date to see what else sold near 0 Joe Parker Road around 2024. Published consideration for 0 Joe Parker Road is $5M, dated 2024. Cite this Devora Munk & Devorah Werther Of HomeSmart First Advantage Facilitate Sale Of Lakewood Land For $5M At 0 Joe Parker Road sale when underwriting similar land product around Lakewood, New Jersey.
Players
Lakewood Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93