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1707 Baltimore Avenue

Updated Dec 4, 2024

Multifamily Property In Lavallette Sold For $1.53M With Buyer's Rep Brendan Pierce & Seller's Rep Dawn Parlapiano
SOLDMultiFamily

Multifamily Property In Lavallette Sold For $1.53M With Buyer's Rep Brendan Pierce & Seller's Rep Dawn Parlapiano

1707 Baltimore Avenue

$1,530,000

Building Size

Asset Type

MultiFamily

Closing

Nov 14, 2023

About this deal

AI

A multifamily property located at 1707 Baltimore Avenue in Lavallette has been sold for a total price of $1,530,000. The property is characterized as a multifamily asset, providing a residential living space for multiple families or individuals. Situated in the Lavallette market, the property offers a desirable location for potential buyers.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,530,000
  • Address: 1707 Baltimore Avenue
  • Market: Lavallette

The buyer's representative, Brendan Pierce, from Keller Williams Shore Properties, successfully represented the buyer in this transaction. On the other hand, the seller was represented by Dawn Parlapiano from Chris Smith Realty. Both representatives played a significant role in ensuring a smooth and successful deal for their respective clients.

Note: Brendan Pierce from Keller Williams Shore Properties acted as the buyer's representative, while Dawn Parlapiano from Chris Smith Realty represented the seller throughout the transaction process.

Players

Dawn Parlapiano

Chris Smith Realty

Broker

$1.5M

vol

1 deal

Broker

Lavallette 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

10.37%

Cash-on-Cash

-2.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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