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40 Seaview Avenue

Khaled Morsi Purchases Condo At 40 Seaview Avenue B From Ramez Samuel For $3.325M
SOLDCondo

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

Kyle Golden

Century 21

Broker

$21.4M

vol

7 deals

Broker

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