Updated Dec 21, 2023
Kislak Acquires Mixed-Use Property In Long Branch, NJ For $3M
55 Brighton Avenue, Long Branch, NJ 07740, USA
$3,000,000
$348/SF
Building Size
8,600 SF
Asset Type
Mixed-use
Closing
Sep 7, 2021
About this deal
AI
A mixed-use property located at 55 Brighton Ave in Jersey Shore, Long Branch, NJ, has been sold for $3,000,000. The transaction took place on 09/07/2021. The property consists of 7 units, resulting in a price per unit of $428,571.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 55 Brighton Ave
- Market: Jersey Shore, Long Branch, NJ
The sale was facilitated by Daniel Lanni of Kislak, who served as the broker for the deal.
The mixed use sale at 55 Brighton Avenue, Long Branch, NJ 07740, USA in Long Branch, New Jersey sold for $3M in 2021. Reported inventory is 8,600 square feet across 7 units, or about 348 per square foot. Daniel Lanni, Kislak appear on the sale alongside Kislak. This page is the Long Branch, New Jersey file for the 55 Brighton Avenue, Long Branch, NJ 07740, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Long Branch sit in the Market section below. Filter that Long Branch mixed use set by closing date to see what else sold near 55 Brighton Avenue, Long Branch, NJ 07740, USA around 2021. Published consideration for 55 Brighton Avenue, Long Branch, NJ 07740, USA is $3M, dated 2021. Cite this Kislak Acquires Mixed-Use Property In Long Branch, NJ For $3M sale when underwriting similar mixed use product around Long Branch, New Jersey.
Players
Long Branch Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93