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Lawrence Greenberg & Eric Valenzona Close $1.58M Bay Head Land Deal
SOLD
$1,585,000
New Jersey
See Similar DealsLand8,276 SF
Sold 06/03/2024
SOLD
Lawrence Greenberg & Eric Valenzona Close $1.58M Bay Head Land Deal
185 Bridge Avenue
See Similar DealsLand8,276 SF
Sold 06/03/2024
Summary
NEW JERSEY
Asset Type:Land
Price Per Square Foot:$191
Total Square Footage:8,276 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,631.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,513.71
Annual Debt Service$90,164.50
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