Christopher Davies Represents Buyer In $1.125M Long Beach Township Multifamily Sale
13209 Beach Avenue
$1,125,000
$657/SF
Building Size
1,712 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
The ocean block duplex at 13209 Beach Avenue in Long Beach Township was sold for $1,125,000. The property features two units, each offering spacious living areas, renovated kitchens, bedrooms, and full bathrooms. It presents opportunities for rental income or family enjoyment in a convenient location near amenities and Beach Haven.
Summary of transaction details:
- Property Type: Multidamily
- Transaction Amount: $1,125,000
- Address: 13209 North Beach Avenue
- Market: Long Beach Township
- Square Footage: 1,712
- Price per Square Foot: $657
Christopher Davies of Davies and DeGennaro Real Estate represented the buyer in the deal, while Holly Muia of The Van Dyk Group represented the seller. The transaction took place on 06/07/2024.
Players
Long Beach Township 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93