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
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).
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