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112th St Stone Harbor, NJ 0...

Stephan Frame Acquires Land In Stone Harbor For $4.3M
SOLDLand

Stephan Frame Acquires Land In Stone Harbor For $4.3M

112th St Stone Harbor, NJ 08247, USA

$4,295,000

Building Size

Asset Type

Land

Closing

Jun 12, 2023

AI

A rare vacant land opportunity has recently been sold in Stone Harbor's southend beachblock. The property, located at 145 112th Street, offers a generous lot for the construction of a spacious single-family home. With beach access and beautiful views, this private location is part of an exciting new development in the area.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $4,295,000
  • Market: Stone Harbor
  • Broker: Stephan Frame - Diller Fisher Realtors

This transaction was facilitated by Stephan Frame from Diller Fisher Realtors. Through his representation, the buyer successfully acquired the vacant land and can now proceed with their plans for constructing a single-family home.

Players

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

New York Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93