Updated Sep 17, 2024
Multifamily In Red Bank, NJ Sells For $2.3M With George Coffenberg - Preferred Properties Real Estate As The Broker
127 Hudson Avenue, Middletown Township, NJ 07748, USA
$2,277,000
$227/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jul 29, 2020
About this deal
AI
The multifamily property located at 127-131 Hudson Ave in Red Bank, NJ has been sold. The sale was facilitated by George Coffenberg of Preferred Properties Real Estate. The transaction took place on July 29, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,277,000
- Units: 12
- Price per Unit: $189,750
- Square Footage: 10,000
- Price per Square Foot: $228
- Address: 127-131 Hudson Ave, Red Bank, NJ
- Market: Red Bank, NJ
George Coffenberg of Preferred Properties Real Estate represented the parties involved in this transaction.
North Middletown 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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93