Updated Dec 4, 2024
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
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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