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214 Plains Road

Updated Dec 4, 2024

Neil Murjani Of Weichert Realtors Acquires 102.5-Acre Land Parcel In Frankford Township For $1.08M
SOLDLand

Neil Murjani Of Weichert Realtors Acquires 102.5-Acre Land Parcel In Frankford Township For $1.08M

214 Plains Road

$1,080,000

Building Size

Asset Type

Land

Closing

Jan 31, 2024

About this deal

AI

214 Plains Road in Frankford Township, a 102.5-acre land parcel, sold for $1,080,000. The property is located in a serene area of Frankford Township, offering ample space for various potential uses. The expansive land parcel provides great opportunities for development or investment.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,080,000
  • Address: 214 Plains Road
  • Market: Frankford Township
  • Land Size: 102.5 acres

Neil Murjani of Weichert Realtors represented the buyer in this transaction. With expertise in land acquisitions, Murjani played a crucial role in securing this valuable property for the buyer. On the other hand, Christopher Bruscino, from Realty Executives Exceptional, represented the seller during the deal. Both professionals demonstrated their proficiency in negotiation and real estate transactions.

This successful sale demonstrates the demand for large land parcels in Frankford Township. The deal showcases the strategic skills and market knowledge of both Neil Murjani and Christopher Bruscino, which resulted in a favorable outcome for their respective clients.

Players

Christopher Bruscino

Realty Executives

Broker

$1.1M

vol

1 deal

Broker

Augusta 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

14.69%

Cash-on-Cash

-4.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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