Updated Dec 4, 2024
Land Parcel At 708 South Bayview Drive In Strathmere Sold For $1.725M With Riordan Real Estate
708 Bayview Drive
$1,725,000
Building Size
—
Asset Type
Land
Closing
Aug 5, 2024
About this deal
AI
A vacant land parcel located at 708 South Bayview Drive in Strathmere has been sold. The transaction occurred on 08/05/2024 for a price of $1,725,000. This property is classified as land, reflecting its market value in the area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,725,000
- Address: 708 South Bayview Drive
- Market: Strathmere
- Brokers: Brian Riordan & Bruce Riordan - Riordan Real Estate Inc
The sale was facilitated by Brian Riordan and Bruce Riordan, who are affiliated with Riordan Real Estate Inc. They played a crucial role in the successful completion of this property transaction.
Players
Strathmere 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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93