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
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