Updated Dec 4, 2024
Maxim Shtraus Facilitates $2.6M Sale Of Development Site In Southampton, PA
1216 Street Road
$2,600,000
$9/SF
Building Size
283,140 SF
Asset Type
Development Site
Closing
Mar 5, 2024
About this deal
AI
The development site located in Southampton, PA at 1216 East Street Road has been sold for $2,600,000. Spanning 6.5 acres, the property is approved for the construction of 30 townhomes, offering a total of 283,140 square feet of space. The price per square foot (PPSF) stands at $9, and the price per buildable square foot (PPBSF) is $46.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Broker: Maxim Shtraus - RE/MAX Elite
The Maxim Shtraus Group at RE/MAX Elite facilitated the transaction of the shovel-ready development site, helping to bring the deal to fruition.
New Hope Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Maxim Shtraus to view all their deals.
Browse New Hope development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93