facebook
Traded Co logo
Submit
Daily limit: 0/10

Berkshire Hathaway Acquires Avalon Land For $3.5M

Property Image
SOLD
$3,527,744

New Jersey

See Similar Deals
Land
Sold 07/21/2023
the dealplayerscompscontact
Property Image
SOLD

Berkshire Hathaway Acquires Avalon Land For $3.5M

2158 Ocean Dr, Avalon, NJ 08202

See Similar Deals
Land
Sold 07/21/2023
Contact now

Summary

NEW JERSEY
Asset Type:Land
Transaction Type:Sale

Located at 2158 Ocean Drive in Avalon, this property offers a prime opportunity to build a dream bayfront home. With a 60'x110' lot size, this land provides ample space for a 4200 square foot single-family home or two townhomes. The property features desirable bayfront living, complete with two boat slips. Its convenient location near town, restaurants, and shops adds to the appeal of this waterfront property.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $3,527,744
  • Date: 07/21/2023
  • Market: Avalon
  • Buyer's Representative: Paul Sudell - Ferguson Dechert
  • Seller's Representative: Jack Vizzard - Berkshire Hathaway HomeServices

In this sale transaction, both buyer and seller were well-represented. Paul Sudell, from Ferguson Dechert, served as the buyer's representative, ensuring their interests were protected throughout the deal. Jack Vizzard, from Berkshire Hathaway HomeServices, acted as the seller's representative, facilitating the seamless transfer of this bayfront property. With their expertise and guidance, the transaction was successfully completed.

Players

John "Jack" Vizzard
5 deals$21.6M volume
BROKER

Paul Sudell
Ferguson Dechert Real Estate
3 deals$9.2M volume
BROKER

Details

SOLD
IMAGE: Jack Vizzard DATE: 07/21/2023 ADDRESS: 2158 Ocean Drive MARKET: Avalon ASSET TYPE: Land BUYER'S REP: Paul Sudell (@PaulSudell) - Ferguson Dechert (@FergusonDechertRealEstate) SELLER'S REP: Jack Vizzard (@JackVizzardGroup) - Berkshire Hathaway HomeServices (@BHHS_FoxRoach) SALE PRICE: $3,527,744 NOTE: Build your dream Avalon bayfront home on this 60'x110' lot, offering space for a 4200 square foot single-family home or two townhomes. Enjoy bayfront living with two boat slips, conveniently located near town, restaurants, and shops.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$188,146.36

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,533.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,723.31
Annual Debt Service$200,679.68