Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,500,000
$1,033/SF
MultiFamily
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Players
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