Updated Sep 9, 2024
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
About this deal
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
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