Stone Harbor Land Sold For $3.6M By Stephan Frame - Diller Fisher Realtors
112th St Stone Harbor, NJ 08247, USA
$3,595,000
Building Size
—
Asset Type
Land
Closing
Jun 21, 2023
AI
A rare vacant land opportunity has just become available in Stone Harbor's southend beachblock. This 63 x 110 lot presents the perfect chance for a new owner to construct a single-family home, complete with a pool, garage, and outdoor living space. With a total area of 3465 sq. ft., this property offers plenty of space for comfortable living. Its prime location offers great beach views and direct beach access, making it an exciting prospect for anyone looking to enjoy the coastal lifestyle in Stone Harbor.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $3,595,000
- Address: Lot 58 112th Street, Stone Harbor
- Market: Stone Harbor
Stephan Frame, from Diller Fisher Realtors, played a key role in this transaction as the representative for the buyer. With their expertise and knowledge of the area, Stephan ensured a smooth and successful deal. This vacant land opportunity presents a unique chance for the buyer to create their dream home in one of Stone Harbor's sought-after neighborhoods.
New Jersey 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93