Updated Dec 4, 2024
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:
- Property Type: Land
- Transaction Amount: $1,675,000
- Address: 20LOT 2 East End Avenue
- Market: Avon by the Sea
- Lot Size: 6,300 square feet
- Price per Lot Square Foot: $266
- Broker: Kristine Lindung - Ward Wight Sotheby's International Realty
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.
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