Coastal Living Real Estate Group Acquires Multifamily Property In Long Beach Township For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily1,383 SF
Sold 04/08/2022
SOLD
Coastal Living Real Estate Group Acquires Multifamily Property In Long Beach Township For $1.1M
105 West Maryland Avenue, Long Beach Township, New Jersey 08008, United States
See Similar DealsMultiFamily1,383 SF
Sold 04/08/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$795
Total Square Footage:1,383 SF
Transaction Type:Sale
The multifamily property located at 105 Maryland Ave in Long Beach Township has been sold for a price of $1,100,000. The property spans across 1,383 square feet, resulting in a price per square foot of $795.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 105 Maryland Ave
- Market: Long Beach Township
The buyer's representative in this transaction was Laura Tool from Coastal Living Real Estate Group, while the seller's representative was Laura Dunlap from Diane Turton REALTORS.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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