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Bonnie O'Malley Realtor Sells 0.26 Acre Land In Sea Girt For $2.5M
SOLD
$2,500,000
New Jersey
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SOLD
Bonnie O'Malley Realtor Sells 0.26 Acre Land In Sea Girt For $2.5M
502 Chicago Boulevard Sea Girt, New Jersey 08750, USA
See Similar DealsLand
Sold
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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