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Esther Klein Sells 2.7-Acre...

Esther Klein Sells 2.7-Acre Land In Lakewood For $4.3M
SOLDLand

Esther Klein Sells 2.7-Acre Land In Lakewood For $4.3M

$4,300,000

Building Size

Asset Type

Land

Closing

Jun 4, 2024

AI

In Lakewood, NJ, a land parcel spanning 2.7 acres was sold for $4,300,000. The transaction was facilitated with representation from Chana Pilchick of HomeSmart First Advantage, who represented the buyer, and Esther Klein of Re/Max On the Move Realty, who represented the seller.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $4,300,000
  • Location: Lakewood, NJ
  • Acreage: 2.7 acres
  • Buyer's Representative: Chana Pilchick - HomeSmart First Advantage
  • Seller's Representative: Esther Klein - Re/Max On the Move Realty

The deal involved Chana Pilchick of HomeSmart First Advantage representing the buyer and Esther Klein of Re/Max On the Move Realty representing the seller, showcasing a successful transaction in the real estate market of Lakewood, NJ.

Players

Esther Klein

Re/Max

Broker

$4.3M

vol

1 deal

Broker

Market 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93