Exit Realty East Coast Represents Buyer In $1.25M Holmdel Land Sale
21 Raintree Court
$1,250,000
Building Size
—
Asset Type
Land
Closing
Sep 14, 2023
AI
A prime 11.5-acre land parcel in Holmdel, New Jersey, has recently been sold for $1,250,000. This expansive property offers the opportunity to create a custom-built dream estate. Located in a prestigious neighborhood with rolling land, mature trees, a stocked pond, and natural beauty, the land offers privacy and tranquility. Additionally, its proximity to top schools and transportation options adds to its appeal.
Summary of Transaction Details
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 21 Raintree Court, Holmdel, New Jersey
- Market: Holmdel
- Asset Type: Land
- Acres: 11.50
This transaction was facilitated by Gerine Skamarak, representing the buyer through EXIT Realty East Coast. On the seller's side, Michael Sclafani from RE/MAX Central acted as the seller's representative. Both individuals are highly experienced in the real estate industry and played crucial roles in the successful completion of this deal.
Players
Holmdel 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93