SOLDLand
Bettina Steiger & Daniel Bowersock Facilitate $2.4M Land Sale In Avalon
146 West 22nd Street
$2,400,000
Building Size
—
Asset Type
Land
Closing
Mar 13, 2024
AI
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.
Players
Avalon Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93