Updated Dec 21, 2023
Century 21 Alliance Acquires Multifamily Property In Ship Bottom, NJ For $1.45M
125-129 E 31st St, Ship Bottom, NJ, USA
$1,445,000
$723/SF
Building Size
1,996 SF
Asset Type
MultiFamily
Closing
Jun 30, 2021
About this deal
AI
The multifamily property located at 125-129 E 31st St in Ship Bottom, NJ was recently sold on 07/01/2021. The property spans a total of 1,996 square feet. The sale price for this transaction was $1,445,000, resulting in a price per square foot of $724.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,445,000
- Address: 125-129 E 31st St, Ship Bottom, NJ
- Sale Date: 07/01/2021
- Market: Ship Bottom, NJ
The buyer's representative for this transaction was Jd Butler from Century 21 Alliance, while the seller's representative was Noreen Callahan from BHHS Zack Shore Realtors.
Players
Ship Bottom 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
10.98%
Cash-on-Cash
-3.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93