Mark Ceres Of Weichert Realtors-Ship Bottom Acquires SFR In Spring Lake For $6.8M
SOLD
$6,800,000
New Jersey
See Similar DealsSingle Family Residence15,100 SF
Sold
SOLD
Mark Ceres Of Weichert Realtors-Ship Bottom Acquires SFR In Spring Lake For $6.8M
10 Lorraine Avenue, Spring Lake, NJ, USA
See Similar DealsSingle Family Residence15,100 SF
Sold
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$450
Total Square Footage:15100 SF
Transaction Type:Sale
A single-family home located at 10 Lorraine Avenue in Spring Lake was recently sold for $6,800,000. The property, captured in a photograph by Mark Ceres, changed ownership on December 29, 2020.
Summary of Transaction Details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $6,800,000
- Address: 10 Lorraine Avenue, Spring Lake
Mark Ceres, a representative from Weichert Realtors-Ship Bottom, assisted the buyer in this transaction. On the seller's side, Pasquale Guadagno, associated with Burke & Manna Real Estate Agency, acted as the seller's representative.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
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