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Denise Dreyer Of Ward Wight Sotheby's Acquires Land In Manasquan For $1.25M
SOLD
$1,250,000
New Jersey
See Similar DealsLand
Sold 12/08/2023
SOLD
Denise Dreyer Of Ward Wight Sotheby's Acquires Land In Manasquan For $1.25M
2639 River Road
See Similar DealsLand
Sold 12/08/2023
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
A 0.42-acre land parcel located at 2639 River Road in Manasquan has been sold for $1,250,000. The transaction involved buyer's representative Denise Dreyer from Ward Wight Sotheby's International Realty and seller's representative Gregory Rice from Coldwell Banker.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 2639 River Road
- Market: Manasquan
- ACRES: 0.42
The buyer's representative in the deal was Denise Dreyer from Ward Wight Sotheby's International Realty, while the seller's representative was Gregory Rice from Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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