Updated Dec 21, 2023
Lattimer Realty Acquires Multifamily Property In Long Beach Township, NJ For $1.65M
142 E Maryland Ave, Long Beach Township, NJ, USA
$1,650,000
$954/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
May 9, 2021
About this deal
AI
A multifamily property located at 142 E Maryland Ave in Long Beach Township, NJ was recently sold for $1,650,000. The property spans 1,728 square feet, resulting in a price per square foot of $955. The sale was facilitated by Liam Egan of Lattimer Realty, representing the buyer, and AnneMarie Aresco of Berkshire Hathaway Home Services Zack Shore, REALTORS, representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Square Footage: 1,728
- Price per Square Foot: $955
- Address: 142 E Maryland Ave, Long Beach Township, NJ
- Market: Long Beach Township, NJ
Liam Egan from Lattimer Realty acted as the buyer's representative, ensuring a smooth transaction. On the other hand, AnneMarie Aresco of Berkshire Hathaway Home Services Zack Shore, REALTORS represented the seller, guiding them throughout the sale process.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93