Updated Dec 4, 2024
Andrea DiPilato & Judith Collan Facilitate $2M Sale Of Long Branch Multifamily
127 Chelsea Avenue
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 1, 2024
About this deal
AI
A multifamily property located at 127 Chelsea Avenue in Long Branch was recently sold for $2,000,000. The property features a 5-bedroom Victorian home and a spacious duplex at the rear. Situated on 0.53 acres, this property presents various opportunities for personal use, rental income, family compound, or potential investments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 127 Chelsea Avenue
- Market: Long Branch
- Asset Type: Multifamily
- Acres: 0.53
- Buyer's Rep: Andrea DiPilato - Preferred Properties Real Estate
- Seller's Rep: Judith Collan - Keller Williams Realty
The transaction was facilitated by Andrea DiPilato of Preferred Properties Real Estate as the buyer's representative and Judith Collan of Keller Williams Realty served as the seller's representative, ensuring a successful sale of this versatile property.
Players
Long Branch MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Long Branch multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93