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Bettina Steiger & Daniel Bowersock Facilitate $2.4M Land Sale In Avalon
SOLD
$2,400,000
New Jersey
See Similar DealsLand
Sold 03/13/2024
SOLD
Bettina Steiger & Daniel Bowersock Facilitate $2.4M Land Sale In Avalon
146 West 22nd Street
See Similar DealsLand
Sold 03/13/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
A land parcel at 146 West 22nd Street in Avalon was recently sold for $2.4 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,400,000
- Address: 146 22nd Street
- Market: Avalon
Bettina Steiger of Weichert Realtors represented the buyer, while Daniel Bowersock of Ferguson Dechert Real Estate represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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