Gina Laird Acquires Multifamily Property In Long Beach Township, NJ For $1.2M
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily1,584 SF
Sold 05/31/2020
SOLD
Gina Laird Acquires Multifamily Property In Long Beach Township, NJ For $1.2M
115 East Mermaid Lane, Long Beach Township, NJ 08008, USA
See Similar DealsMultiFamily1,584 SF
Sold 05/31/2020
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$757
Total Square Footage:1,584 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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