Oceanside Realty Represents Buyer In $1.475M Ship Bottom Multifamily Sale
SOLD
$1,475,000
New Jersey
See Similar DealsMultiFamily2,304 SF
Sold 03/09/2022
SOLD
Oceanside Realty Represents Buyer In $1.475M Ship Bottom Multifamily Sale
1940 West Bay Terrace, Ship Bottom, New Jersey 08008, United States
See Similar DealsMultiFamily2,304 SF
Sold 03/09/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$640
Total Square Footage:2,304 SF
Transaction Type:Sale
Located in Ship Bottom, the property at 1940 W Bay Ter recently changed hands in a sale transaction. This multifamily asset offers a total of 2,304 square feet of living space. The sale price for this transaction was $1,475,000, resulting in a price per square foot of $640.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 1940 W Bay Ter
- Market: Ship Bottom
In this sale transaction, Lisa Musarra from Oceanside Realty represented the buyer. The seller's representative in the deal was Gina Laird from RE/MAX.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,240.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,992.25
Annual Debt Service$83,907.03
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