Updated Dec 21, 2023
Berkshire Hathaway HomeServices Fox & Roach Acquires Multifamily In Belmar, NJ For $1.05M
1703 A St, Belmar, NJ, USA
$1,050,000
$267/SF
Building Size
3,920 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
About this deal
AI
A multifamily property located at 1703 A St in Belmar, NJ has been sold for $1,050,000. The property consists of two units, with a price per unit of $525,000. The sale was facilitated by James Whalen of Berkshire Hathaway HomeServices Fox & Roach.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 2
- Price per Unit: $525,000
- Broker: James Whalen - Berkshire Hathaway HomeServices Fox & Roach
James Whalen from Berkshire Hathaway HomeServices Fox & Roach represented the parties involved in the transaction.
Belmar 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93