Stephan Frame Acquires Land In Stone Harbor For $4.5M With Buyer's Rep Stephan Frame & Seller's Rep John (Jack) Binder Jr
SOLD
$4,475,000
New Jersey
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Sold
SOLD
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
See Similar DealsLand
Sold
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$238,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,898.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,213.78
Annual Debt Service$254,565.40
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