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112th St Stone Harbor, NJ 0...

Stone Harbor Land Sold For $3.6M By Stephan Frame - Diller Fisher Realtors
SOLDLand

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.

Players

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

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