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Kristine Lindung Represents Sale Of Land In Avon By The Sea For $1.68M
SOLD
$1,675,000
New Jersey
See Similar DealsLand
Sold 04/22/2024
SOLD
Kristine Lindung Represents Sale Of Land In Avon By The Sea For $1.68M
Land
Sold 04/22/2024
Summary
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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