Updated Dec 4, 2024
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
About this deal
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.
The land sale at 5605 Ventnor City Boardwalk in Ventnor City, New Jersey sold for $2.4M in 2024. 5605 Ventnor City Boardwalk is classified as Land on Traded. Troy Rosenzweig, Paula Hartman, Dana Hartman Hiltner, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Ventnor City, New Jersey file for the 5605 Ventnor City Boardwalk land sold: pricing, party profiles, and other closed land comps from the same Ventnor City sit in the Market section below. Filter that Ventnor City land set by closing date to see what else sold near 5605 Ventnor City Boardwalk around 2024. Published consideration for 5605 Ventnor City Boardwalk is $2.4M, dated 2024. Cite this Vacant Land Sold For $2.43M In Ventnor City By Berkshire Hathaway sale when underwriting similar land product around Ventnor City, New Jersey.
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