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
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