John A. (Jack) Binder Acquires Multifamily Property In Avalon, NJ For $4.5M
SOLD
$4,500,000
New Jersey
See Similar DealsMultiFamily
Sold 09/30/2022
SOLD
John A. (Jack) Binder Acquires Multifamily Property In Avalon, NJ For $4.5M
192 33rd Street, Avalon, New Jersey 08202, United States
See Similar DealsMultiFamily
Sold 09/30/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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