Updated Sep 9, 2024
RE/MAX Paradigm Realty Group Sells 1.24 Acre Land In Rumson For $3.2M
33 Shrewsbury Dr Rumson, NJ 07760, USA
$3,195,000
Building Size
—
Asset Type
Land
Closing
Jun 16, 2023
About this deal
AI
Located in Rumson, the property at 33 Shrewsbury Drive has been sold in a recent transaction. This land asset spans approximately 1.24 acres, providing ample space for various development opportunities. The sale price for this property was recorded at $3,195,000.
Summary of transaction details:
- Property Type: Land
- Sale Price: $3,195,000
- Address: 33 Shrewsbury Drive, Rumson
- Market: Rumson
- ACRES: 1.24
The deal was facilitated by Michael Littleford from RE/MAX Paradigm Realty Group. Serving as the broker for this transaction, Michael Littleford played a pivotal role in representing the parties involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93