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Multifamily At 211 Pelham Ave In Beach Haven Sells For $1.7M With Reps Nathaniel Colmer & Lindsay Ryon

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SOLD
$1,737,500

New Jersey

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MultiFamily1,940 SF
Sold 10/19/2023
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Property Image
SOLD

Multifamily At 211 Pelham Ave In Beach Haven Sells For $1.7M With Reps Nathaniel Colmer & Lindsay Ryon

211 Pelham Avenue

See Similar Deals
MultiFamily1,940 SF
Sold 10/19/2023
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$895
Total Square Footage:1,940 SF
Transaction Type:Sale

A multifamily property located at 211 Pelham Avenue in Beach Haven has been sold for $1,737,500. This transaction was facilitated by Nathaniel Colmer from The Van Dyk Group, who acted as the buyer's representative, and Lindsay Ryon from Coastal Living Real Estate Group, who represented the seller. The property spans a total of 1,940 square feet, resulting in a price per square foot of $896.

Summary of transaction details

Nathaniel Colmer from The Van Dyk Group and Lindsay Ryon from Coastal Living Real Estate Group played a crucial role in orchestrating this successful transaction. Their expertise and negotiation skills were instrumental in ensuring a smooth and favorable outcome for both the buyer and seller. This sale serves as a testament to the strong real estate market in Beach Haven and highlights the continued demand for multifamily properties in the area.

Players

Nathaniel Colmer
4 deals$7M volume
BROKER

Lindsay Ryon
1 deal$1.7M volume(570) 449-0356
BROKER

Details

SOLD
IMAGE: Nathaniel Colmer & Lindsay Ryon DATE: 10/19/2023 ADDRESS: 211 Pelham Avenue MARKET: Beach Haven ASSET TYPE: Multifamily BUYER'S REP: Nathaniel Colmer (@Nathan_Colmer_lbi) - The Van Dyk Group (@VandykGroup) SELLER'S REP: Lindsay Ryon (@LinzRyon) - Coastal Living Real Estate Group (@CoastalLivingREG) SALE PRICE: $1,737,500 SF: 1,940 ~ PPSF: $896 NOTE: A multifamily property at 211 Pelham Avenue in Beach Haven was sold for $1,737,500. The transaction was facilitated by Nathaniel Colmer from The Van Dyk Group as the buyer's representative and Lindsay Ryon from Coastal Living Real Estate Group as the seller's representative. The property spans 1,940 square feet, translating to a price per square foot of $896.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$92,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,172.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,236.64
Annual Debt Service$98,839.64