George DiStefano Acquires Hotel In Bradley Beach, NJ From Ronald & Patricia Asbaty
204 3rd Avenue, Bradley Beach, NJ, USA
$2,150,000
$270/SF
Building Size
7,945 SF
Asset Type
Hotel
Closing
Jul 2, 2020
AI
Located at 204 3rd Avenue in Bradley Beach, NJ, this property is a hotel with a total area of 7,945 square feet. The sale of this asset took place on 07/02/2021, with a recorded sale price of $2,150,000, resulting in a price per square foot of $271. This transaction involved the highest recorded sale in Bradley Beach. The property consists of three units and was sold by Ronald & Patricia Asbaty.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,150,000
- Address: 204 3rd Avenue, Bradley Beach, NJ
- Date: 07/02/2021
- Market: Bradley Beach, NJ
- Square Footage: 7,945
- Price per Square Foot: $271
- Number of Units: 3
George DiStefano purchased this hotel property, with Kyle Golden from Kyle Golden Agency representing him in the deal. For more information or if you wish to achieve a record-breaking price for your own property, you can contact Kyle Golden directly at 201-400-5427.
Players
Bradley Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93