Todd Katz & Chris Katz Acquire Multifamily Property At 103 West End Ave, Long Branch For $1.9M
SOLD
$1,900,000
New Jersey
See Similar DealsMultiFamily
Sold 05/02/2022
SOLD
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
See Similar DealsMultiFamily
Sold 05/02/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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