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Keller Williams Shore Properties Sells Seaside Park Multifamily For $1.2M

Property Image
SOLD
$1,200,000

New Jersey

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MultiFamily
Sold 01/13/2022
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Property Image
SOLD

Keller Williams Shore Properties Sells Seaside Park Multifamily For $1.2M

10 K Street, Seaside Park, New Jersey 08752, United States

See Similar Deals
MultiFamily
Sold 01/13/2022
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 10 K St in Seaside Park, NJ has recently been sold for a total price of $1,200,000. The transaction took place on January 13, 2022, and the property consists of 3 units, with a price per unit (PPU) of $400,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 3
  • Price Per Unit: $400,000

The sale was facilitated by Lisa Temple from Keller Williams Shore Properties. She represented the involved parties and played a key role in the successful completion of the deal.

Players

Lisa Temple
4 deals$11.6M volume
BROKER

Details

SOLD
IMAGE: Lisa Temple DATE: 01/13/2022 ADDRESS: 10 K St MARKET: Seaside Park, NJ ASSET TYPE: Multifamily BROKER: Lisa Temple - Keller Williams Shore Properties SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35