SOLDLand
Stephan Frame Acquires Land In Stone Harbor For $4.5M With Buyer's Rep Stephan Frame & Seller's Rep John (Jack) Binder Jr
10616 Second Ave
$4,475,000
Building Size
—
Asset Type
Land
Closing
Mar 30, 2023
AI
10616 Second Ave in Stone Harbor has been sold for $4,475,000. The transaction took place on March 30, 2023. The property involved in the sale is a land asset.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,475,000
- Address: 10616 Second Ave
- Market: Stone Harbor
The buyer's representative in this deal was Stephan Frame from Diller & Fisher Realtors. John (Jack) Binder Jr. represented the seller and was associated with Ferguson Dechert Inc.
Players
Stone Harbor Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.54%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93