facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Land

/

Sale

/

5605 Ventnor City Boardwalk

Vacant Land Sold For $2.43M In Ventnor City By Berkshire Hathaway
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

Paula Hartman

Berkshire Hathaway HomeServices

Broker

$13.8M

vol

3 deals

Broker

Ventnor City Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

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