facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Land

/

Sale

/

111 Amherst Avenue

Beachfront Land Parcel At 111 South Amherst Avenue Ventnor City Sold For $1.1M
SOLDLand

Beachfront Land Parcel At 111 South Amherst Avenue Ventnor City Sold For $1.1M

111 Amherst Avenue

$1,100,000

$293/SF

Building Size

3,750 SF

Asset Type

Land

Closing

Sep 13, 2024

AI

A beachfront land parcel located at 111 South Amherst Avenue in Ventnor City has been sold, achieving a sale price of $1,100,000. The lot encompasses a total of 3,750 square feet, translating to a price per square foot of $293. The property's location provides prime access to the Atlantic Ocean and is in proximity to Atlantic City and Margate, making it suitable for a second home.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,100,000
  • Lot Size: 3,750 SF
  • Price per Square Foot: $293
  • Address: 111 South Amherst Avenue
  • Market: Ventnor City
  • Broker: Joseph Bograd - New Era Real Estate

Joseph Bograd from New Era Real Estate represented the transaction, facilitating the sale of this beachfront land parcel. The deal reflects the ongoing interest in properties with direct access to oceanfront locations.

Players

Joseph Bograd

New Era Real Estate

Broker

$8.7M

vol

4 deals

Broker

Ventnor City 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93