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Joseph Mancini Of Mancini Realty Co. Inc. Sells 3,999-SF Land In Beach Haven For $2.5M
SOLD
$2,500,000
New Jersey
See Similar DealsLand3,999 SF
Sold
SOLD
Joseph Mancini Of Mancini Realty Co. Inc. Sells 3,999-SF Land In Beach Haven For $2.5M
6107 Ocean Boulevard
See Similar DealsLand3,999 SF
Sold
Summary
NEW JERSEY
Asset Type:Land
Price Per Square Foot:$625
Total Square Footage:3999 SF
Transaction Type:Sale
A 3,999-square-foot land parcel at 6107 Ocean Boulevard in Beach Haven sold for $2.5 million, with a price per lot square foot of $625. The property is situated in a location known for its beach access and community amenities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,500,000
- Lot Size: 3,999 square feet
- Price per Lot Square Foot: $625
- Address: 6107 Ocean Boulevard
- Market: Beach Haven
- Broker: Joseph Mancini - Mancini Realty Co. Inc.
Joseph Mancini of Mancini Realty Co. Inc. represented the transaction, facilitating the sale and ensuring the process was conducted smoothly. His expertise in the Beach Haven market contributed to the successful closing of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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