Updated Dec 4, 2024
Berkshire Hathaway Fox & Roach Brokers Sell Vacant Land In Margate City For $2.95M
405 North Pembroke Avenue
$2,950,000
Building Size
—
Asset Type
Land
Closing
Nov 17, 2023
About this deal
AI
Vacant land at 405 North Pembroke Avenue in Margate City was sold for $2,950,000. The property is located in Margate City and covers an unspecified square footage. The sale was facilitated by Brian Hiltner and Dana Hartman Hiltner of Berkshire Hathaway Fox & Roach.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,950,000
- Address: 405 North Pembroke Avenue, Margate City
- Market: Margate City
Brian Hiltner and Dana Hartman Hiltner from Berkshire Hathaway Fox & Roach represented the buyer and seller in this transaction.
Players
Margate City 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93