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
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.
Players
Spring Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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