Keller Williams Realty Acquires Mixed-Use Property In Brigantine For $1.6M
3100 W Brigantine Ave Brigantine, NJ 08203, USA
$1,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 31, 2023
AI
A mixed-use property located at 3100-3106 West Brigantine Avenue in Brigantine has been sold for $1.6 million. The property includes six units, consisting of four two-bedroom rentals, one one-bedroom unit, a storefront, and six garages. The potential for condo conversion and additional rental income adds to the property's value and investment potential.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Address: 3100-3106 West Brigantine Avenue, Brigantine
- Market: Brigantine
- Units: 6
- Price Per Unit (PPU): $266,667
The buyer's representative for this transaction was Michael Riordan from Keller Williams Realty, while the seller's representative was Scott Di Stefano from RE/MAX. Their expertise played a significant role in facilitating the successful sale and ensuring a smooth transaction process.
Players
Brigantine Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93