facebook
Traded Co logo
Submit
Daily limit: 0/10

Josh Starner & William McClellan Of Sackman Realty Sell Long Branch Multifamily For $1.18M

Property Image
SOLD
$1,180,000
Josh Starner
William McClellan

New Jersey

See Similar Deals
MultiFamily
Sold 06/18/2024
the dealplayerscompscontact
Property Image
SOLD

Josh Starner & William McClellan Of Sackman Realty Sell Long Branch Multifamily For $1.18M

117 Third Avenue

See Similar Deals
MultiFamily
Sold 06/18/2024
Josh Starner
William McClellan
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

117 Third Avenue, a spacious 3-family house in Long Branch, sold for $1,180,000. This property features ample off-street parking, a spacious lot, and three separate apartments with separate utilities, making it a versatile investment with potential for growth and multiple income streams.

Summary of transaction details:

Josh Starner and William McClellan from Sackman Realty facilitated the sale of 117 Third Avenue, a property located near beaches and a train station. The strategic location of the property offers convenience and potential for attracting tenants seeking a desirable living environment.

Players

Josh Starner
Sackman Realty
Josh Starner
1 deal$1.2M volume(908) 463-8058
BROKER
William McClellan
Sackman Realty
William McClellan
1 deal$1.2M volume(732) 682-0064
BROKER

Details

SOLD
IMAGE: Josh Starner & William McClellan DATE: 06/18/2024 ADDRESS: 117 3rd Avenue MARKET: Long Branch ASSET TYPE: Multifamily BROKERS: Josh Starner (@Lunaholdings) & William McClellan - Sackman Realty (@SackmanRealty) SALE PRICE: $1,180,000 NOTE: 117 Third Avenue, a spacious 3-family house in Long Branch, sold for $1,180,000 through brokers Josh Starner and William McClellan of Sackman Realty. Located near beaches and a train station, the property features ample off-street parking, a spacious lot, and three separate apartments with separate utilities, making it a versatile investment with potential for growth and multiple income streams.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62