Updated Dec 21, 2023
Continental Real Estate Group Brokers $1.65M Multifamily Sale In Long Branch
147 Franklin Avenue, Long Branch, New Jersey 07740, United States
$1,650,000
$207/SF
Building Size
7,963 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
The multifamily property located at 147 Franklin Ave in Long Branch has been sold for a price of $1,650,000. The sale was facilitated by Derek Eisenberg of Continental Real Estate Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 147 Franklin Ave, Long Branch
- Market: Long Branch
- Broker: Derek Eisenberg - Continental Real Estate Group
This transaction involved the sale of a multifamily property, comprising of (additional details not mentioned in the first paragraph).
The multifamily sale at 147 Franklin Avenue, Long Branch, New Jersey 07740, United States in Long Branch, New Jersey sold for $1.7M in 2022. The building is 7,963 square feet, implying about 207 per square foot on the published price. Named participants on the 147 Franklin Avenue, Long Branch, New Jersey 07740, United States sale are Derek Eisenberg. This page is the Long Branch, New Jersey file for the 147 Franklin Avenue, Long Branch, New Jersey 07740, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Long Branch sit in the Market section below. Filter that Long Branch multifamily set by closing date to see what else sold near 147 Franklin Avenue, Long Branch, New Jersey 07740, United States around 2022. Published consideration for 147 Franklin Avenue, Long Branch, New Jersey 07740, United States is $1.7M, dated 2022. Cite this Continental Real Estate Group Brokers $1.65M Multifamily Sale In Long Branch sale when underwriting similar multifamily product around Long Branch, New Jersey.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93