Oceanside Realty Represents Buyer In $1.475M Ship Bottom Multifamily Sale
1940 West Bay Terrace, Ship Bottom, New Jersey 08008, United States
$1,475,000
$640/SF
Building Size
2,304 SF
Asset Type
MultiFamily
Closing
Mar 8, 2022
AI
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.
Players
Ship Bottom 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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93