facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Land

/

Sale

/

173 38th Street

Nicholas Giuffre & Travis Marshall Facilitate $2,225,000 Land Sale In Avalon
SOLDLand

Nicholas Giuffre & Travis Marshall Facilitate $2,225,000 Land Sale In Avalon

173 38th Street

$2,225,000

Building Size

Asset Type

Land

Closing

Apr 2, 2024

AI

The vacant land property at 173 38th Street in Avalon was sold for $2,225,000. The property is located only a block away from the Avalon History Museum and the 39th Street Avalon recreation area. It offers a prime location close to the beach and features a 40 x 110 lot suitable for building a 3000+ square foot home. The property comes with an approved site plan ready for design and implementation.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,225,000
  • Address: 173 38th Street
  • Market: Avalon

Nicholas Giuffre from Compass represented the buyer in the transaction, while Travis Marshall from Long & Foster Real Estate served as the seller's representative. Both brokers played essential roles in facilitating the sale of the property in Avalon, ensuring a successful transaction for both parties involved.

Players

Nicholas Giuffre

Compass

Broker

$26.2M

vol

3 deals

Broker

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

7.13%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93