Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires SFR In Spring Lake, NJ For $7.5M
101 Ludlow Avenue, Spring Lake, NJ 07762, USA
$7,500,000
$971/SF
Building Size
7,721 SF
Asset Type
Single Family Residence
Closing
May 21, 2020
About this deal
AI
A single-family residential property located at 101 Ludlow Ave in Spring Lake, NJ has been sold for a price of $7,500,000. The transaction took place on 05/21/2021, and the property measures 7,721 square feet. The price per square foot for this sale is $971. Joanne L. Reilly represented the buyer as a realtor from Diane Turton, Realtors-Spring Lake, while Anthony Garofalo represented the seller on behalf of Berkshire Hathaway HomeServices New Jersey Properties.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 101 Ludlow Ave, Spring Lake, NJ
- Square Feet: 7,721
- Price per Square Foot: $971
- Buyer's Representative: Joanne L. Reilly - Diane Turton, Realtors-Spring Lake
- Seller's Representative: Anthony Garofalo - Berkshire Hathaway HomeServices New Jersey Properties
Joanne L. Reilly from Diane Turton, Realtors-Spring Lake acted as the buyer's representative in this transaction, while Anthony Garofalo represented the seller on behalf of Berkshire Hathaway HomeServices New Jersey Properties.
On the Map
$7,500,000
$971/SF
Single Family Residence
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Players
Spring Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $971 per square foot on a published $7.5M for 7,721 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93