SOLDLand
Vacant Land Sold For $2.43M In Ventnor City By Berkshire Hathaway
5605 Ventnor City Boardwalk
$2,433,500
Building Size
—
Asset Type
Land
Closing
Apr 10, 2024
AI
A vacant land property located at 5605 Ventnor City Boardwalk was sold for $2,433,500 in Ventnor City.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,433,500
- Address: 5605 Ventnor City Boardwalk
- Market: Ventnor City
The transaction at 5605 Ventnor City Boardwalk involved buyer representation by Troy Rosenzweig of Berkshire Hathaway HomeServices and seller representation by Dana Hartman & Paula Hartman, all from Berkshire Hathaway HomeServices.
Players
Ventnor 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
6.52%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93