Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,585,000
$191/SF
Land
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Players
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