Updated Oct 25, 2024
Yaakob Einhorn Acquires Multifamily In Asbury Park For $5.9M
1266 Washington Avenue
$5,925,000
Units
49
Asset Type
MultiFamily
Closing
Nov 10, 2022
About this deal
AI
The property involved in the transaction is a multifamily asset located at 1215 Springwood Avenue and 1266 Washington Avenue in Asbury Park. The property consists of 49 units, with a sale price of $5,925,000. The price per unit (PPU) is approximately $120,918.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,925,000
- Units: 49
- Price per Unit (PPU): $120,918
- Buyer: Yaakob Einhorn
- Seller: Lav Bauta
- Brokers: Daniel Lanni & Joe Keenan - Kislak Company
Yaakob Einhorn acted as the buyer in this transaction, while Lav Bauta was the seller. The deal was facilitated by Daniel Lanni and Joe Keenan from Kislak Company, who represented the parties involved.
On the Map
$5,925,000
MultiFamily
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Players
Asbury Park 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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93