Updated Sep 9, 2024
Todd Katz & Chris Katz Acquire Multifamily Property At 103 West End Ave, Long Branch For $1.9M
103 West End Avenue, Long Branch, New Jersey 07740, United States
$1,900,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
A multifamily property located at 103 West End Ave in Long Branch has been sold for $1,900,000. The transaction took place on May 2, 2022. The property is situated in a vibrant market and offers a great investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 103 West End Ave
- Market: Long Branch
- Brokers: Todd Katz & Chris Katz - RE/MAX Synergy
Todd Katz and Chris Katz, representing RE/MAX Synergy, facilitated the sale of this multifamily property. With their expertise, they ensured a successful transaction for the buyer and seller.
Long Branch 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93