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17 E 14th St, Barnegat Ligh...

Matthew Garabedian's Garabedian Realty Group Acquires Multifamily Property In Barnegat Light
SOLDMultiFamily

Matthew Garabedian's Garabedian Realty Group Acquires Multifamily Property In Barnegat Light

17 E 14th St, Barnegat Light, NJ, USA

$1,175,000

$461/SF

Building Size

2,544 SF

Asset Type

MultiFamily

Closing

Mar 16, 2021

AI

Located in Barnegat Light, the multifamily property at 17 E 14th St was recently sold for $1,175,000. This property spans across 2,544 square feet, resulting in a price per square foot of $462. With a total of 2 units, each unit was sold at an average price of $587,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,175,000
  • Address: 17 E 14th St
  • Market: Barnegat Light

Matthew Garabedian from Garabedian Realty Group, LLC represented the buyer in this deal, while Gina Laird from RE/MAX at Barnegat Bay - Ship Bottom was the seller's representative.

Players

Gina Laird

Re/Max

Broker

$8.9M

vol

6 deals

Broker

Barnegat Light 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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93