Updated Dec 4, 2024
Coldwell Banker's Giuseppe DiMaggio Helps Facilitate $1.6M Sale Of Vacant Land In Ortley Beach, Seaside Heights
105 5th Avenue
$1,600,000
Building Size
—
Asset Type
Land
Closing
Jan 29, 2024
About this deal
AI
105 5th Avenue in Ortley Beach, a vacant land property, has been sold for $1,600,000. The transaction was facilitated by Giuseppe DiMaggio of Coldwell Banker.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,600,000
- Lot Size: 3,920 square feet
- Price per square foot: $408
- Market: Seaside Heights, Ortley Beach
Giuseppe DiMaggio from Coldwell Banker represented the parties involved in the deal.
The land sale at 105 5th Avenue in Beach, New Jersey sold for $1.6M in 2024. 105 5th Avenue is classified as Land on Traded. Giuseppe DiMaggio, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Beach, New Jersey file for the 105 5th Avenue land sold: pricing, party profiles, and other closed land comps from the same Beach sit in the Market section below. Filter that Beach land set by closing date to see what else sold near 105 5th Avenue around 2024. Published consideration for 105 5th Avenue is $1.6M, dated 2024. Cite this Coldwell Banker's Giuseppe DiMaggio Helps Facilitate $1.6M Sale Of Vacant Land In Ortley Beach, Seaside Heights sale when underwriting similar land product around Beach, New Jersey.
Players
Beach Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93