Updated Dec 4, 2024
Multifamily Property At 207 11th Avenue Sold For $1.6 Million In Belmar
207 Eleventh Ave
$1,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 24, 2024
About this deal
AI
The property at 207 11th Avenue, located in Belmar, is categorized as a multifamily asset. It was sold for $1,600,000, reflecting its market value within the local real estate context.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 207 11th Avenue
- Market: Belmar
- Broker: Luke Graham - Reliable Realty LLC
The transaction was facilitated by Luke Graham, who is associated with Reliable Realty LLC, serving as the broker for this deal involving the multifamily property in Belmar.
On the Map
$1,600,000
MultiFamily
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Players
Belmar 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93