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20LOT 2 East End Avenue

Updated Dec 4, 2024

Kristine Lindung Represents Sale Of Land In Avon By The Sea For $1.68M
SOLDLand

Kristine Lindung Represents Sale Of Land In Avon By The Sea For $1.68M

$1,675,000

Building Size

Asset Type

Land

Closing

Apr 22, 2024

About this deal

AI

In Avon by the Sea, 20LOT 2 East End Avenue, a land asset, sold for $1,675,000. The property spans 6,300 square feet, resulting in a price per lot square foot of $266.

Summary of transation details:

Kristine Lindung of Ward Wight Sotheby's International Realty facilitated the transaction as the broker for the sale of the land in Avon by the Sea. She played a crucial role in connecting the involved parties and overseeing the successful completion of the deal.

Players

Kristine Lindung

Sotheby's International Realty

Broker

$3.2M

vol

2 deals

Broker

Market 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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