Updated Dec 4, 2024
Brenda Connolly Of The Connolly Agency Represents Buyer In $2.675M Avon By The Sea Land Sale
26 Lincoln Avenue
$2,675,000
$341/SF
Building Size
7,840 SF
Asset Type
Land
Closing
Oct 10, 2024
About this deal
AI
A 7,840-square-foot lot located at 26 Lincoln Avenue in Avon by the Sea has been sold for a total of $2,675,000. The property features a two-car garage and offers parking for over six vehicles, situated near the boardwalk, beach, and downtown amenities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,675,000
- Lot Size: 7,840 SF
- Price per Lot Square Foot: $341
- Buyer’s Representative: Brenda Connolly - The Connolly Agency
- Seller’s Representative: James Hannam - Re/Max Bay Point Realtors
The transaction involved Brenda Connolly representing the buyer through The Connolly Agency, while James Hannam represented the seller through Re/Max Bay Point Realtors. This sale highlights the collaborative efforts of both representatives in facilitating the closing process for the lot on Lincoln Avenue.
On the Map
$2,675,000
$341/SF
Land
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Players
Avon By The Sea Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93