Updated Sep 5, 2024
John Natale Acquires Multifamily Property In Belmar, NJ For $1.15M
1006 14th Avenue, Belmar, NJ, USA
$1,150,000
$338/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
A multifamily property located at 1006 14th Ave in Belmar, NJ has been sold in a recent transaction. The property consists of 2 units with a total square footage of 3,400. The sale price was $1,150,000, resulting in a per unit price of $575,000. The price per square foot was calculated at $338.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,150,000
- Address: 1006 14th Ave, Belmar, NJ
- Market: Belmar, NJ
- Buyer's Representative: John Natale - Keller Williams Realty
- Seller's Representative: Laura Revano - Jersey Shore Real Estate Group Associates LLC
The buyer's representative in this deal was John Natale from Keller Williams Realty, while Laura Revano from Jersey Shore Real Estate Group Associates LLC represented the seller. This transaction highlights the successful collaboration between these two industry professionals.
Players
Belmar 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93