Updated Sep 9, 2024
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
About this deal
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.
The land sale at 10616 Second Ave in Stone Harbor, New Jersey sold for $4.5M in 2023. 10616 Second Ave is classified as Land on Traded. Stephan Frame, John Jack Binder Jr, Diller & Fisher Realtors, Ferguson Dechert Real Estate appear on the sale alongside Diller & Fisher Realtors, Ferguson Dechert Real Estate. This page is the Stone Harbor, New Jersey file for the 10616 Second Ave land sold: pricing, party profiles, and other closed land comps from the same Stone Harbor sit in the Market section below. Filter that Stone Harbor land set by closing date to see what else sold near 10616 Second Ave around 2023. Published consideration for 10616 Second Ave is $4.5M, dated 2023. Cite this Stephan Frame Acquires Land In Stone Harbor For $4.5M With Buyer's Rep Stephan Frame & Seller's Rep John (Jack) Binder Jr sale when underwriting similar land product around Stone Harbor, New Jersey.
Players
Stone Harbor Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Stone Harbor land sales on Traded.
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