Updated Dec 21, 2023
Marie Reed Acquires SFR In Spring Lake For $4.3M
107 Pitney Avenue, Spring Lake, NJ, USA
$4,342,500
$723/SF
Building Size
6,000 SF
Asset Type
Single Family Residence
Closing
Jan 18, 2021
About this deal
AI
The property involved in this closed transaction is a single-family residential home located at 107 Pitney Ave in Spring Lake. The property has a total square footage of 6,000. The transaction took place on January 19, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,342,500
- Address: 107 Pitney Ave
- Market: Spring Lake
- Asset Type: SFR
The buyer's representative in this transaction was Marie Reed from The Gallery Residential Brokerage, while the seller's representative was Christine Granite from Berkshire Hathaway HomeServices Fox & Roach.
The price for this property was $4,342,500, resulting in a price per square foot of $724.
Players
Spring Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $723 per square foot on a published $4.3M for 6,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93