Andrew DePietro Of Christie's International Real Estate Represents Buyer In $1.1M Allendale Land Sale
115 West Crescent Avenue
$1,100,000
Building Size
—
Asset Type
Land
Closing
Sep 23, 2024
AI
A 1.5-acre parcel of land located at 115 West Crescent Avenue in Allendale, NJ, has been sold for $1.1 million. This buildable land offers opportunities for development in a desirable market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Acres: 1.5
- Buyer Representative: Andrew DePietro - Christie's International Real Estate
- Seller Representative: Tara Ann Santry - Terrie O'Connor Realtors
Andrew DePietro represented the buyer, providing expertise in navigating the purchase, while Tara Ann Santry represented the seller, facilitating the transaction through her agency, Terrie O'Connor Realtors.
Players
Allendale 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93