Updated Dec 4, 2024
Belmar Multifamily Sells For $1.5M With Buyer's Rep Kristine Lindung & Seller's Rep Paulette Young
111 Seventh Ave
$1,500,000
$608/SF
Building Size
2,466 SF
Asset Type
MultiFamily
Closing
Oct 18, 2023
About this deal
AI
A multifamily property located at 111 7th Avenue in Belmar has been sold for $1,500,000. This transaction was represented by Kristine Lindung of Ward Wight Sotheby's International Realty, who acted as the buyer's agent, and Paulette Young of Century 21, who represented the seller. The property spans a total of 2,466 square feet and was sold at a price per square foot of $608.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 111 7th Avenue, Belmar
- Market: Belmar
- Buyer's Representative: Kristine Lindung - Ward Wight Sotheby's International Realty
- Seller's Representative: Paulette Young - Century 21
- Size: 2,466 square feet
- Price per square foot: $608
This successful transaction was facilitated by Kristine Lindung of Ward Wight Sotheby's International Realty acting as the buyer's representative and Paulette Young of Century 21 representing the seller. Their expertise and negotiation skills played a crucial role in closing the deal for this multifamily property in Belmar.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93