Updated Dec 21, 2023
Long & Foster Real Estate, Inc Acquires Multifamily In Avalon For $1.75M
1739 Dune Drive, Avalon, New Jersey 08202, United States
$1,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
The multifamily property located at 1739 Dune Dr in Avalon has recently been sold for a price of $1,750,000. The sale took place on April 29, 2022, and the transaction was facilitated by Patrick McCusker of Long & Foster Real Estate, Inc.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Market: Avalon
- Address: 1739 Dune Dr
Patrick McCusker, representing Long & Foster Real Estate, Inc, played a crucial role in this deal. He successfully brokered the sale of the multifamily property, ensuring a smooth transaction for all parties involved.
Avalon 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93