Khaled Morsi Purchases Condo At 40 Seaview Avenue B From Ramez Samuel For $3.325M
SOLD
$3,325,000
New Jersey
See Similar DealsCondo5,000 SF
Sold 02/27/2025
SOLD
Khaled Morsi Purchases Condo At 40 Seaview Avenue B From Ramez Samuel For $3.325M
40 Seaview Avenue
See Similar DealsCondo5,000 SF
Sold 02/27/2025
Summary
NEW JERSEY
Asset Type:Condo
Price Per Square Foot:$665
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36
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