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
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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