Updated Nov 15, 2023
SOLDLand
Raymond Smith Sells Land In Monmouth Beach For $2.575M With Buyer's Rep Kerrin O'Brien & Seller's Rep Stafford Smith Commercial Real
3 Ocean Avenue
$2,575,000
Building Size
—
Asset Type
Land
Closing
Dec 15, 2022
About this deal
AI
A land property located at 3 Ocean Avenue in Monmouth Beach has been sold for a price of $2,575,000. The property spans an area of approximately 0.89 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,575,000
- Date: December 15, 2022
- Address: 3 Ocean Avenue, Monmouth Beach
- Market: Monmouth Beach
- Asset Type: Land
- Acres: 0.89
The buyer's representative in this transaction was Kerrin O'Brien from O'Brien Realty, LLC. On the other hand, Raymond Smith from Stafford Smith Commercial Real acted as the seller's representative.
Players
East Ballina Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93