Stone Harbor Land Sold For $5.25M By Stephan Frame - Diller Fisher Realtors
115 112th St, Stone Harbor, NJ 08247
$5,250,000
Building Size
—
Asset Type
Land
Closing
Jun 29, 2023
AI
A 13-lot beach block subdivision has recently been formed in Stone Harbor's south end, offering elevated lots with stunning ocean views. These lots are ideal for constructing spacious single-family homes complete with pools and garages. The subdivision is conveniently located near the Bird Sanctuary, providing a peaceful and natural environment for residents.
Summary of transaction details
- Property Type: Land
- Sale Price: $5,250,000
- Date: 06/29/2023
- Address: 115 112th Street, Stone Harbor
- Market: Stone Harbor
The broker representing the sale of this property is Stephan Frame from Diller Fisher Realtors. With their expertise, they ensured a successful transaction for both the buyer and seller.
New Jersey 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93