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2373 US-9 Toms River, NJ 08...

Carey Tajfel Sells Hotel In Toms River, NJ For $22.35M With Steven Vegh - Westwood Realty Associates
SOLDHotel

Carey Tajfel Sells Hotel In Toms River, NJ For $22.35M With Steven Vegh - Westwood Realty Associates

2373 US-9 Toms River, NJ 08755, USA

$22,350,000

$206/SF

Building Size

108,000 SF

Asset Type

Hotel

Closing

Oct 31, 2022

AI

Located at 2373 US-9 in Toms River, NJ, this property transaction involves the sale of a hotel. The transaction was closed on November 1, 2022, with a sale price of $22,350,000. The hotel has a total area of 108,000 square feet, resulting in a price per square foot of $207. The seller in this transaction is Carey Tajfel.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $22,350,000
  • Address: 2373 US-9, Toms River, NJ
  • Market: Toms River, NJ

The transaction was facilitated by Steven Vegh of Westwood Realty Associates, representing the seller, Carey Tajfel. Steven Vegh served as the broker for this deal. It is worth noting that the current hotel will be converted into a building consisting of office suites.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
Carey Tajfel

Carey Tajfel

Seller

$65.2M

vol

6 deals

Seller

Toms River 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93