Berkshire Hathaway HomeServices Acquires SFR In Spring Lake, NJ For $7.5M
SOLD
$7,500,000
New Jersey
See Similar DealsSingle Family Residence7,721 SF
Sold 05/21/2020
SOLD
Berkshire Hathaway HomeServices Acquires SFR In Spring Lake, NJ For $7.5M
101 Ludlow Avenue, Spring Lake, NJ 07762, USA
See Similar DealsSingle Family Residence7,721 SF
Sold 05/21/2020
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$971
Total Square Footage:7,721 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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