Updated Dec 4, 2024
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
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