Updated Dec 21, 2023
Marie Reed Acquires Single Family Home In Spring Lake, NJ For $5,475,000
11 Warren Avenue, Spring Lake, NJ, USA
$5,475,000
$1,151/SF
Building Size
4,753 SF
Asset Type
Single Family Residence
Closing
Mar 29, 2020
About this deal
AI
Located in Spring Lake, NJ, the single-family property at 11 Warren Ave recently changed hands in a sale transaction. The property, comprising 4,753 square feet, was sold on 03/29/2021 for a total price of $5,475,000, resulting in a price per square foot of $1,152. The deal was facilitated by Marie Reed from The Gallery Residential Brokerage, representing the buyer, and Thomas Coan from Berkshire Hathaway HomeServices New Jersey Properties, representing the seller.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,475,000
- Address: 11 Warren Ave
- Market: Spring Lake, NJ
- Square Footage: 4,753
- Price per Square Foot: $1,152
- Buyer's Rep: Marie Reed - The Gallery Residential Brokerage
- Seller's Rep: Thomas Coan - Berkshire Hathaway HomeServices New Jersey Properties
The buyer, represented by Marie Reed of The Gallery Residential Brokerage, and the seller, represented by Thomas Coan of Berkshire Hathaway HomeServices New Jersey Properties, were the key individuals involved in this real estate transaction. Their expertise and negotiation skills contributed to the successful sale of this single-family property.
Players
Spring Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $5.5M for 4,753 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93