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Esther Klein Sells 2.7-Acre Land In Lakewood For $4.3M
SOLD
$4,300,000
New Jersey
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Sold 06/04/2024
Summary
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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