Updated Dec 4, 2024
Coldwell Banker Sol Needles Real Estate Sells Land Property In North Cape May For $1.2M With Buyer's Rep Sarah Mauthe And Seller's Rep James McBride
114 2nd Avenue
$1,200,000
Building Size
—
Asset Type
Land
Closing
Nov 22, 2023
About this deal
AI
A vacant land property at 114 2nd Avenue in North Cape May was sold for $1,200,000. The sale was brokered by James McBride of Coldwell Banker Sol Needles Real Estate & Sarah Mauthe of Coldwell Banker James C Otton Real Estate.
Summary of transation details
- Property Type: Land
- Transaction Amount: $1,200,000
- Date: 11/22/2023
- Address: 114 2nd Avenue
- Market: North Cape May
James McBride of Coldwell Banker Sol Needles Real Estate represented the seller, while Sarah Mauthe of Coldwell Banker James C Otton Real Estate represented the buyer in this transaction.
Players
Cape May Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Cape May land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93