Khaled Morsi Purchases Condo At 40 Seaview Avenue B From Ramez Samuel For $3.325M
40 Seaview Avenue
$3,325,000
$665/SF
Building Size
5,000 SF
Asset Type
Condo
Closing
Feb 27, 2025
AI
The transaction involved a condo located at 40 Seaview Avenue B in Long Branch, which has a sale price of $3,325,000. The property spans 5,000 square feet, resulting in a price per square foot of $665.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $3,325,000
- Buyer: Khaled Morsi
- Seller: Ramez Samuel
- Broker: Kyle Golden - Century 21
- Market: Long Branch
- Square Footage: 5,000
- Price Per Square Foot: $665
Kyle Golden represented the sale of the property, marking this as the highest price duplex sale in the history of Long Branch. Interested parties may contact Kyle Golden for further inquiries regarding potential record-breaking opportunities.
Players
Long Branch Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93