Updated Sep 5, 2024
Bonnie O'Malley Realtor Sells 0.26 Acre Land In Sea Girt For $2.5M
502 Chicago Boulevard Sea Girt, New Jersey 08750, USA
$2,500,000
Building Size
—
Asset Type
Land
Closing
Jun 8, 2023
About this deal
AI
A 0.26-acre land located at 502 Chicago Blvd in Sea Girt has been sold for $2,500,000. The prime lot is situated in a peaceful neighborhood, just 5 blocks away from the beach. The buyer will be responsible for demolishing the existing cottage on the property. This presents an excellent opportunity to build a dream home in one of the Shore's sought-after towns. Start planning your new residence today.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,500,000
- Address: 502 Chicago Blvd, Sea Girt
- Market: Sea Girt
- Acres: 0.26
The broker involved in this transaction is Bonnie O'Malley from Bonnie O' Malley Realtor.
Sea Girt 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93