Updated Sep 9, 2024
Timothy O'Shea Sells Ortley Beach Multifamily Property For $1.42M
1 6th Avenue, Sea Girt, NJ 08750, USA
$1,420,000
$568/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
About this deal
AI
A multifamily property located at 1 6th Ave in Ortley Beach, NJ was recently sold for a price of $1,420,000. The property consists of 3 units and spans across 2,500 square feet. The sale price per unit comes out to be $473,333, while the price per square foot is calculated to be $568.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,420,000
- Address: 1 6th Ave, Ortley Beach, NJ
- Market: Ortley Beach, NJ
The buyer was represented by Theresa Sayia from Villano Realtors, while the seller was represented by Timothy O'Shea from Keller Williams Shore Properties.
Players
Sea Girt MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93