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Andrew DePietro Of Christie's International Real Estate Represents Buyer In $1.1M Allendale Land Sale
SOLD
$1,100,000
New Jersey
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Sold
SOLD
Andrew DePietro Of Christie's International Real Estate Represents Buyer In $1.1M Allendale Land Sale
115 West Crescent Avenue
See Similar DealsLand
Sold
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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