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185 Bridge Avenue

Lawrence Greenberg & Eric Valenzona Close $1.58M Bay Head Land Deal
SOLDLand

Lawrence Greenberg & Eric Valenzona Close $1.58M Bay Head Land Deal

185 Bridge Avenue

$1,585,000

$191/SF

Building Size

8,276 SF

Asset Type

Land

Closing

Jun 3, 2024

AI

185 Bridge Avenue in Bay Head was sold for $1,585,000, comprising a land parcel with a lot size of 8,276 square feet at a rate of $192 per square foot.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,585,000
  • Address: 185 Bridge Avenue
  • Market: Bay Head
  • Lot Size: 8,276 square feet
  • Price Per Square Foot: $192

Lawrence Greenberg of M. Van Sciver Realtors represented the buyer, while Eric Valenzona of Keller Williams Realty Ocean Living represented the seller in the transaction.

Players

Lawrence Greenberg

M. Van Sciver Realtors

Broker

$24.9M

vol

7 deals

Broker

Bay Head 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

10.01%

Cash-on-Cash

-2.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93