Gina Laird Acquires Multifamily Property In Long Beach Township, NJ For $1.2M
115 East Mermaid Lane, Long Beach Township, NJ 08008, USA
$1,200,000
$757/SF
Building Size
1,584 SF
Asset Type
MultiFamily
Closing
May 31, 2020
AI
A multifamily property located at 115 E Mermaid Ln in Long Beach Township, NJ, was recently sold for $1,200,000. The property spans 1,584 square feet, resulting in a price per square foot of $758. The sale took place on May 31, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 115 E Mermaid Ln, Long Beach Township, NJ
- Market: Long Beach Township, NJ
- Square Footage: 1,584
- Price per Square Foot: $758
The sale was facilitated by Gina Laird from RE/MAX at Barnegat Bay - Ship Bottom.
Players
Long Beach Township MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93