John A. (Jack) Binder Acquires SFR In Avalon, NJ For $5.75M
549 42nd Street, Avalon, NJ 08202
$5,750,000
$1,250/SF
Building Size
4,600 SF
Asset Type
Industrial
Closing
Apr 23, 2020
AI
A Single Family Residential (SFR) property located at 549 42nd St in Avalon, NJ recently sold for $5,750,000 on April 23, 2021. The property spans 4,600 square feet, resulting in a price per square foot of $1,250.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $5,750,000
- Address: 549 42nd St, Avalon, NJ
- Market: Avalon, NJ
- Square Footage: 4,600
- Price Per Square Foot: $1,250
- Broker: John A. (Jack) Binder - Ferguson-Dechert, Inc
John A. (Jack) Binder of Ferguson-Dechert, Inc represented the parties involved in this transaction. The deal reflects the successful negotiation and finalization of the sale, showcasing the expertise and professionalism of all respective parties.
Avalon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93