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111 Seventh Ave

Updated Dec 4, 2024

Belmar Multifamily Sells For $1.5M With Buyer's Rep Kristine Lindung & Seller's Rep Paulette Young
SOLDMultiFamily

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

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

Paulette Young

Century 21

Broker

$1.5M

vol

1 deal

Broker

Belmar MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $608 per square foot on a published $1.5M for 2,466 square feet (2023).

Visit Kristine Lindung to view all their deals.

Browse Belmar 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

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