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204 3rd Avenue, Bradley Bea...

George DiStefano Acquires Hotel In Bradley Beach, NJ From Ronald & Patricia Asbaty
SOLDHotel

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

Kyle Golden

Century 21

Broker

$21.4M

vol

7 deals

Broker

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