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211 Pelham Avenue

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

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

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

The Van Dyk Group

Broker

$7M

vol

4 deals

Broker

Beach Haven MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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