SOLDLand
Childers Sotheby's Intl Realty Sells 125.33-Acre Land Parcel In Millstone Township For $2.6M
0 Spring Rd Millstone, NJ 08510, USA
$2,600,000
Building Size
—
Asset Type
Land
Closing
Aug 23, 2023
About this deal
AI
A 125.33-acre land parcel located at 0 Spring Road in Millstone Township was recently sold for $2,600,000. The property, listed by Tracey Klehr of Childers Sotheby's International Realty, has the potential for eleven 10-acre residential lots.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,600,000
- Address: 0 Spring Road, Millstone Township
- Market: Millstone
- Asset Type: Land
- Acres: 125.33
Childers Sotheby's International Realty, represented by Tracey Klehr, played a crucial role as the broker in this deal.
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Boundary boundary · Land · Sale transactions
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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