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
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.
Players
Avon By The Sea 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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93