Updated Dec 21, 2023
Kislak Realty Acquires Multifamily Property In Neptune, Jersey Shore For $1.075M
2 George Street, Neptune Township, New Jersey 07753, United States
$1,075,000
Units
8
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
Located in Neptune, Jersey Shore, the multifamily property on 2 George St has recently been sold for a total of $1,075,000. The sale took place on March 3, 2022, and was facilitated by Daniel Lanni from Kislak Realty. The property consists of 8 units, with a price per unit of $134,375.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 2 George St
- Market: Neptune, Jersey Shore
Daniel Lanni, representing Kislak Realty, played a crucial role as the broker in this transaction. With his expertise, he successfully negotiated the sale of the multifamily property on George St. His efforts resulted in a smooth transaction and a favorable outcome for all parties involved.
Players
Neptune 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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93