facebook

traded

+ Submit
Home

/

Deals

/

New South Wales

/

Land

/

Sale

/

3 Ocean Avenue

Raymond Smith Sells Land In Monmouth Beach For $2.575M With Buyer's Rep Kerrin O'Brien & Seller's Rep Stafford Smith Commercial Real
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

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

Raymond Smith

Broker

$7M

vol

2 deals

Broker

East Ballina Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

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