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Lauren Parrella Of Realty Executives First Class Facilitates $1.3M Land Sale In Vernon Twp
SOLD
$1,300,000
New Jersey
See Similar DealsLand
Sold 03/01/2024
SOLD
Lauren Parrella Of Realty Executives First Class Facilitates $1.3M Land Sale In Vernon Twp
947 Warwick Turnpike
See Similar DealsLand
Sold 03/01/2024
Summary
NEW JERSEY
Asset Type:Land
Transaction Type:Sale
The property involved in the transaction is a piece of land located at 947 Warwick Turnpike in Vernon Twp. The sale of this land was facilitated by Lauren Parrella from Realty Executives First Class, with a transaction amount of $1,300,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,300,000
- Address: 947 Warwick Turnpike
- Market: Vernon Twp
Lauren Parrella from Realty Executives First Class played a key role as the broker in this land sale transaction at 947 Warwick Turnpike. The deal was successfully closed with her expertise, showcasing her commitment to facilitating real estate transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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