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111 Amherst Avenue

Updated Dec 4, 2024

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

About this deal

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.

On the Map

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$1,100,000

$293/SF

Land

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Players

Joseph Bograd

New Era Real Estate

Broker

$8.7M

vol

4 deals

Broker

Ventnor City Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Deal FAQ

About $293 per square foot on a published $1.1M for 3,750 square feet (2024).

Visit Joseph Bograd to view all their deals.

Browse Ventnor City land sales on Traded.

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

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