Updated Dec 19, 2023
John A. (Jack) Binder Acquires Multifamily Property In Avalon, NJ For $4.5M
192 33rd Street, Avalon, New Jersey 08202, United States
$4,500,000
Units
2
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
Located at 192 33rd St in Avalon, NJ, this multifamily property was recently sold. The transaction took place on September 30, 2022.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $4,500,000
- Units: 2
- Price per Unit: $2,250,000
- Market: Avalon, NJ
The sale of this property was facilitated by John A. (Jack) Binder from Ferguson Dechert, Inc. He represented the buyer and seller in this transaction.
The multifamily sale at 192 33rd Street, Avalon, New Jersey 08202, United States in Avalon, New Jersey sold for $4.5M in 2022. Reported inventory is 2 units across 2 units. John A. (Jack) Binder, Ferguson Dechert Real Estate appear on the sale alongside Ferguson Dechert Real Estate. This page is the Avalon, New Jersey file for the 192 33rd Street, Avalon, New Jersey 08202, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Avalon sit in the Market section below. Filter that Avalon multifamily set by closing date to see what else sold near 192 33rd Street, Avalon, New Jersey 08202, United States around 2022. Published consideration for 192 33rd Street, Avalon, New Jersey 08202, United States is $4.5M, dated 2022. Cite this John A. (Jack) Binder Acquires Multifamily Property In Avalon, NJ For $4.5M sale when underwriting similar multifamily product around Avalon, New Jersey.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93