Updated Dec 19, 2023
Matthew Taetsch Acquires 5-Unit Multifamily In Long Branch, NJ For $1.4M
140 Franklin Ave, Long Branch, NJ, USA
$1,400,000
$389/SF
Building Size
3,598 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
A multifamily property located at 140 Franklin Ave in Long Branch, NJ has been sold for a price of $1,400,000. The property sits on approximately 0.45 acres and consists of 5 units. The sale price per unit was $280,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 140 Franklin Ave, Long Branch, NJ
- Market: Long Branch, NJ
- Asset Type: Multifamily
- Acres: 0.45
The buyer in this transaction was represented by Matthew Taetsch from Corcoran Baer & McIntosh, while the seller was represented by Diamando Chergotis from Heritage House Sotheby's International Realty.
Players
Long Branch 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93