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6 Hop Brook Lane

Kiernan DiFeo & Catherine Erkal Facilitate $1.55M Land Sale In Holmdel
SOLDLand

Kiernan DiFeo & Catherine Erkal Facilitate $1.55M Land Sale In Holmdel

6 Hop Brook Lane

$1,550,000

Building Size

Asset Type

Land

Closing

Apr 23, 2024

AI

In Holmdel, 6 Hop Brook Lane, a land asset spanning 3.03 acres, was sold for $1,550,000.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,550,000
  • Address: 6 Hop Brook Lane
  • Market: Holmdel
  • Asset Type: Land
  • Acres: 3.03

Kiernan DiFeo of Jack Green Realty represented the buyer in the transaction, while Catherine Erkal of Berkshire Hathaway HomeServices represented the seller.

Players

Kiernan DiFeo

Jack Green Realty

Broker

$5.8M

vol

2 deals

Broker

Holmdel 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93