Updated Dec 4, 2024
Keller Williams Brokers Sell 153-Acre Land Parcel For $2.5M In Mays Landing
Thelma Avenue
$2,500,000
Building Size
—
Asset Type
Land
Closing
Sep 22, 2023
About this deal
AI
A 153-acre land parcel located on Thelma Avenue in Mays Landing has been sold for $2.5 million. The transaction was facilitated by Holly Lockwood and Shawn O'Brien of Keller Williams, who acted as the brokers.
Summary of Transaction Details
- Property Type: Land
- Transaction Amount: $2,500,000
- Address: Thelma Avenue
- Market: Mays Landing
- Acres: 153
The sale of this 153-acre land parcel in Mays Landing signifies a significant transaction in the real estate market. Holly Lockwood and Shawn O'Brien, representing Keller Williams, played a crucial role in successfully closing the deal. The transaction highlights the demand for large land parcels and the expertise of the brokers involved.
Players
Mays Landing 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93