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1023 Ocean Avenue

Lawrence Greenberg Brokers $3.5M Sale Of Land In Mantoloking
SOLDLand

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.

Players

Lawrence Greenberg

M. Van Sciver Realtors

Broker

$24.9M

vol

7 deals

Broker

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