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209 Jeffries Avenue, Beach ...

The Van Dyk Group Acquires Multifamily Property In Beach Haven For $1.5M
SOLDMultiFamily

The Van Dyk Group Acquires Multifamily Property In Beach Haven For $1.5M

209 Jeffries Avenue, Beach Haven, New Jersey 08008, United States

$1,500,000

$1,033/SF

Building Size

1,452 SF

Asset Type

MultiFamily

Closing

Apr 17, 2022

AI

A multifamily property located at 209 Jefferis Ave in Beach Haven has been sold for $1,500,000. The property spans 1,452 square feet, resulting in a price per square foot of $1,033. The sale took place on April 18, 2022. The transaction was facilitated by Rita Rapella from Diane Turton REALTORS, representing the seller, and Nathaniel Colmer from The Van Dyk Group, representing the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 209 Jefferis Ave
  • Market: Beach Haven
  • Square Footage: 1,452
  • Price per Square Foot: $1,033
  • Buyer's Rep: Nathaniel Colmer - The Van Dyk Group
  • Seller's Rep: Rita Rapella - Diane Turton REALTORS

The seller, Rita Rapella, and the buyer's representative, Nathaniel Colmer, played integral roles in facilitating this successful transaction. Their expertise in real estate and negotiation skills were key factors contributing to the completion of the deal.

Players

Nathaniel Colmer

The Van Dyk Group

Broker

$7M

vol

4 deals

Broker

Beach Haven 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93