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Chris Ryan Of Coldwell Banker Sells 80.57 Acres Of Land At 50 Rues Road In Cream Ridge For $1.8M
SOLD
$1,800,000
New Jersey
See Similar DealsLand
Sold 01/18/2024
SOLD
Chris Ryan Of Coldwell Banker Sells 80.57 Acres Of Land At 50 Rues Road In Cream Ridge For $1.8M
50 Rues Road
See Similar DealsLand
Sold 01/18/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
An 80.57-acre vacant land located at 50 Rues Road in Cream Ridge has been sold for a total of $1,800,000. The sale was facilitated by Chris Ryan of Coldwell Banker.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,800,000
- Address: 50 Rues Road, Cream Ridge
- Market: Cream Ridge
- Broker: Chris Ryan - Coldwell Banker
Chris Ryan of Coldwell Banker played a key role in the sale of the 80.57-acre vacant land at 50 Rues Road in Cream Ridge for a total of $1,800,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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