Updated Dec 4, 2024
SOLDLand
Robert Baldini Of Freda Real Estate Brokers $2.5M Land Sale In Sea Isle City
1208 Landis Avenue
$2,500,000
Building Size
—
Asset Type
Land
Closing
May 17, 2024
About this deal
AI
A vacant land parcel located at 1208 Landis Avenue in Sea Isle City has been sold for $2.5 million. The transaction was facilitated by Robert Baldini of Freda Real Estate.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,500,000
- Address: 1208 Landis Avenue
- Market: Sea Isle City
- Broker: Robert Baldini - Freda Real Estate
The sale of the land parcel at 1208 Landis Avenue in Sea Isle City was overseen by Robert Baldini, representing Freda Real Estate in the transaction.
Players
Sea Isle City 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93