Updated Nov 29, 2023
Mark Ceres Of Weichert Realtors-Ship Bottom Acquires SFR In Spring Lake For $6.8M
10 Lorraine Avenue, Spring Lake, NJ, USA
$6,800,000
$450/SF
Building Size
15,100 SF
Asset Type
Single Family Residence
Closing
Dec 28, 2020
About this deal
AI
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.
Players
Spring Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $450 per square foot on a published $6.8M for 15,100 square feet (2020).
Visit Pasquale Guadagno to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93