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
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