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1113A Long Beach Boulevard,...

The Van Dyk Group Acquires Multifamily Property In Long Beach Township, NJ For $2.72M
SOLDMultiFamily

The Van Dyk Group Acquires Multifamily Property In Long Beach Township, NJ For $2.72M

1113A Long Beach Boulevard, Long Beach, NJ, USA

$2,720,000

$1,042/SF

Building Size

2,608 SF

Asset Type

MultiFamily

Closing

May 16, 2021

AI

A multifamily property located at 1113-A Long Bch in Long Beach Township, NJ, was recently sold for a total price of $2,720,000. The property spans 2,608 square feet, resulting in a price per square foot of $1,043. This transaction involved the sale of two units, with each unit having a price per unit of $1,360,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,720,000
  • Address: 1113-A Long Bch, Long Beach Township, NJ
  • Market: Long Beach Township, NJ
  • Square Footage: 2,608
  • Price per Square Foot: $1,043
  • Units: 2
  • Price per Unit: $1,360,000

The buyer was represented by Holly Muia from The Van Dyk Group, while the seller was represented by David Martin and Robert Keeler from Jersea Realty, LLC.

Players

Holly Muia

The Van Dyk Group

Broker

$5.4M

vol

3 deals

Broker

Beach Haven 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

5.83%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93