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2-Acre Land Parcel At 706 West Park Avenue In Oakhurst Sold For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsLand
Sold 09/03/2024
SOLD
2-Acre Land Parcel At 706 West Park Avenue In Oakhurst Sold For $1.1M
706 West Park Avenue
See Similar DealsLand
Sold 09/03/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
A 2-acre land parcel located at 706 West Park Avenue in Oakhurst has been sold for $1.1 million. The asset features a renovated home/office, a 2-car garage, and a greenhouse, offering a range of permitted uses such as residential, religious, and commercial developments.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Address: 706 West Park Avenue
- Market: Oakhurst
- ACRES: 2
- Brokers: George Coffenberg, Michelle Arege-Coffenberg & Rachel Abitbul - Preferred Properties Real Estate
George Coffenberg, Michelle Arege-Coffenberg, and Rachel Abitbul represented the property under their agency, Preferred Properties Real Estate, showcasing their role in facilitating the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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