Multifamily At 211 Pelham Ave In Beach Haven Sells For $1.7M With Reps Nathaniel Colmer & Lindsay Ryon
211 Pelham Avenue
$1,737,500
$895/SF
Building Size
1,940 SF
Asset Type
MultiFamily
Closing
Oct 19, 2023
AI
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
- Property Type: Multifamily
- Transaction Amount: $1,737,500
- Address: 211 Pelham Avenue
- Market: Beach Haven
- Buyer's Representative: Nathaniel Colmer - The Van Dyk Group
- Seller's Representative: Lindsay Ryon - Coastal Living Real Estate Group
- Square Footage: 1,940
- Price per Square Foot: $896
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
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
9.13%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93