Land Parcel In Avalon Sold For $4.4M With Buyer's Rep Steve Frame And Seller's Rep Kelly Mead & Charles DeMarco
481 42nd Street
$4,400,000
Building Size
—
Asset Type
Land
Closing
Sep 29, 2023
AI
A land parcel located at 481 42nd Street in Avalon was sold for $4.4 million. The transaction took place on September 29, 2023, with Steve Frame of Diller & Fisher Realtors representing the buyer, and Kelly Mead and Charles DeMarco of Long & Foster Real Estate representing the seller.
Summary of transation details
- Property Type: Land
- Transaction Amount: $4,400,000
- Address: 481 42nd Street
- Market: Avalon
The buyer, represented by Steve Frame of Diller & Fisher Realtors, acquired the land parcel at 481 42nd Street in Avalon for a price of $4.4 million. On the other side of the transaction, the seller was represented by Kelly Mead and Charles DeMarco of Long & Foster Real Estate.
Players
Avalon 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93