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6001 Winchester Avenue

Updated Dec 4, 2024

Emma Piraino & Linda Novelli Facilitate $2.225M Land Sale In Ventnor City
SOLDLand

Emma Piraino & Linda Novelli Facilitate $2.225M Land Sale In Ventnor City

6001 Winchester Avenue

$2,225,000

Building Size

Asset Type

Land

Closing

Apr 12, 2024

About this deal

AI

The prestigious waterfront lot at 6001 Winchester Avenue in Ventnor City has been sold for $2,225,000. The property boasts expansive dimensions, stunning bay views, and approvals in place to build a 7500+ square foot home with luxurious amenities and deep water boat docks. Situated in the St. Leonards Tract section, this property offers an unparalleled opportunity for a generational shore property.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,225,000
  • Lot Size: 8,712 SF
  • Price per Lot Square Foot: $255
  • Address: 6001 Winchester Avenue
  • Market: Ventnor City

Emma Piraino from Re/Max Platinum Properties represented the buyer in this transaction, while Linda Novelli from Compass served as the seller's representative. The acquisition of this waterfront property marks a significant deal in the real estate market of Ventnor City.

Players

Linda Novelli

Compass

Broker

$2.2M

vol

1 deal

Broker

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

7.13%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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