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115 112th St, Stone Harbor,...

Stone Harbor Land Sold For $5.25M By Stephan Frame - Diller Fisher Realtors
SOLDLand

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.

Players

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

New Jersey Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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