Updated Dec 18, 2023
Schlosser Real Estate, Inc Sells Lavallette Multifamily Property For $1.5M
106 Kerr Avenue, Lavallette, New Jersey 08735, United States
$1,499,900
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
Located in Lavallette, the multifamily property at 106 Kerr Ave recently changed hands in a closed sale transaction. The deal was finalized on June 1, 2022, with a sale price of $1,499,900. The property, represented by Matthew Schlosser & Andrea Schlosser of Schlosser Real Estate, Inc, attracted the attention of a buyer represented by Jeffrey Cruz from Weichert Realtors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,499,900
- Address: 106 Kerr Ave
- Market: Lavallette
Jeffrey Cruz, from Weichert Realtors, played a vital role as the buyer's representative in this deal. On the other side, Matthew Schlosser & Andrea Schlosser, representing Schlosser Real Estate, Inc, acted as the seller's representatives throughout the transaction.
Players
Lavallette MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93