facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Land

/

Sale

/

26 Lincoln Avenue

Brenda Connolly Of The Connolly Agency Represents Buyer In $2.675M Avon By The Sea Land Sale
SOLDLand

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:

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

James Hannam

Re/Max

Broker

$2.7M

vol

1 deal

Broker

Avon By The Sea Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

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