Lawrence Greenberg Brokers $3.5M Sale Of Land In Mantoloking
1023 Ocean Avenue
$3,500,000
Building Size
—
Asset Type
Land
Closing
Apr 29, 2024
AI
A land parcel spanning 0.79 acres, situated at 1023 Ocean Avenue in Mantoloking, was recently sold for $3,500,000. The sale was facilitated by Lawrence Greenberg of M. Van Sciver Realtors.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,500,000
- Address: 1023 Ocean Avenue
- Market: Mantoloking
- Broker: Lawrence Greenberg - M. Van Sciver Realtors
The transaction at 1023 Ocean Avenue was successfully closed by M. Van Sciver Realtors' representative, Lawrence Greenberg, showcasing his expertise in facilitating property deals in the Mantoloking market.
Mantoloking Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93