Keller Williams Shore Properties Sells Seaside Park Multifamily For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily
Sold 01/13/2022
SOLD
Keller Williams Shore Properties Sells Seaside Park Multifamily For $1.2M
10 K Street, Seaside Park, New Jersey 08752, United States
See Similar DealsMultiFamily
Sold 01/13/2022
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.
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Deal Type
30 years
10 years
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
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