Updated Dec 4, 2024
Denise Dreyer Of Ward Wight Sotheby's Acquires Land In Manasquan For $1.25M
2639 River Road
$1,250,000
Building Size
—
Asset Type
Land
Closing
Dec 8, 2023
About this deal
AI
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.
On the Map
$1,250,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93