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91 Sweetmans Lane

13.22 Acres Of Land In Manalapan Sold For $1.1M With Aleksandr Pritsker Representing The Buyer And Arlene Messina & Joseph Consiglio Representing The Seller
SOLDLand

13.22 Acres Of Land In Manalapan Sold For $1.1M With Aleksandr Pritsker Representing The Buyer And Arlene Messina & Joseph Consiglio Representing The Seller

91 Sweetmans Lane

$1,100,000

Building Size

Asset Type

Land

Closing

Sep 15, 2023

AI

In Manalapan, an extraordinary opportunity has arisen with the sale of 13.22 acres of land. The property, located at 91 Sweetmans Lane, offers the potential for division and development. Alongside this valuable parcel of land, a quaint 3-bedroom, 2-bathroom home with a 2-car garage was also included in the transaction.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,100,000
  • Address: 91 Sweetmans Lane, Manalapan
  • Market: Manalapan
  • Land Size: 13.22 acres

Aleksandr Pritsker from EXP Realty acted as the buyer's representative for this transaction. On the seller's side, Arlene Messina and Joseph Consiglio, both from CENTURY 21, successfully facilitated the sale. Their expertise and negotiation skills played a crucial role in finalizing the deal.

This significant transaction highlights the demand for land in the Manalapan market. The diverse range of opportunities offered by this expansive property, combined with the expertise of the buyer's and seller's representatives, made this deal a noteworthy success.

Players

Aleksandr Pritsker

EXP Realty

Broker

$9.6M

vol

4 deals

Broker

Manalapan 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93