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Diane Turton, Realtors-Avon Represents Buyer In $1.5M Sale Of Multifamily Property In Belmar

Property Image
SOLD
$1,500,000

New Jersey

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MultiFamily
Sold 03/30/2022
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Property Image
SOLD

Diane Turton, Realtors-Avon Represents Buyer In $1.5M Sale Of Multifamily Property In Belmar

205 Fourth Avenue, Belmar, New Jersey 07719, United States

See Similar Deals
MultiFamily
Sold 03/30/2022
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 205 4th Ave in Belmar has been sold for $1,500,000. The sale was facilitated by Kelly Cutillo from Diane Turton, Realtors-Avon, representing the buyer, and Linda Courey-Degnan from Keller Williams Realty Spring Lake, representing the seller. This property consists of 5 units, with an average price per unit of $300,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 205 4th Ave, Belmar
  • Market: Belmar
  • Buyer's Rep: Kelly Cutillo - Diane Turton, Realtors-Avon
  • Seller's Rep: Linda Courey-Degnan - Keller Williams Realty Spring Lake
  • Units: 5
  • Price Per Unit: $300,000

Kelly Cutillo from Diane Turton, Realtors-Avon, and Linda Courey-Degnan from Keller Williams Realty Spring Lake were instrumental in the successful completion of this transaction.

Players

Kelly Cutillo
1 deal$1.5M volume
BROKER

Linda Courey-Degnan
Keller Williams Realty
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Kelly Cutillo DATE: 03/30/2022 ADDRESS: 205 4th Ave MARKET: Belmar ASSET TYPE: Multifamily BUYER'S REP: Kelly Cutillo - Diane Turton, Realtors-Avon SELLER'S REP: Linda Courey-Degnan - Keller Williams Realty Spring Lake (@KellerWilliamsRealty) SALE PRICE: $1,500,000 UNITS: 5 ~ PPU: $300,000

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Debt Service Coverage Ratio (DSCR)

0.94x

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