Updated Dec 20, 2023
The Van Dyk Group Acquires Multifamily Property In Long Beach Township For $1.25M
1214 N Atlantic Ave, Long Beach Township, NJ, USA
$1,250,000
$733/SF
Building Size
1,704 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
Two multifamily units located at 1214 N Atlantic Ave in Long Beach Township were sold in a recent transaction. The property, spanning 1,704 square feet and priced at $1,250,000, was purchased by an undisclosed buyer. The sale price equates to a price per square foot of $734. Each unit was sold for $625,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Market: Long Beach Township
The buyer was represented by Nathaniel Colmer from The Van Dyk Group - Long Beach Island, while David Cowles from BHHS Zack Shore Realtors acted as the seller's representative in the deal.
On the Map
$1,250,000
$733/SF
MultiFamily
View full map
Players
Beach Haven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nathaniel Colmer to view all their deals.
Browse Beach Haven multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93