Updated Dec 21, 2023
Coastline Realty LLC Acquires Multifamily Property In Cape May, NJ
126 Decatur Street, Cape May, NJ 08204, USA
$1,262,050
$457/SF
Building Size
2,757 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
Located at 126 Decatur St in Cape May, NJ, this multifamily property was recently sold in a closed transaction. The property spans 2,757 square feet and was sold for a price of $1,262,050, resulting in a price per square foot of $458. The transaction took place on 10/08/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,262,050
- Address: 126 Decatur St, Cape May, NJ
- Square Footage: 2,757
- Price per Square Foot: $458
- Market: Cape May, NJ
Representing the buyer in this transaction was Rebecca Sundstrom from Coastline Realty LLC. On the other hand, Rachel Giannini and Nicholas Arena from Homestead Real Estate Co. Inc represented the seller. The involvement of these individuals and companies played a crucial role in facilitating the successful sale of the property.
Players
Cape May 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
12.57%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93