Lisa Temple & Liborio Tamburello Close $1.75M Multifamily Deal In Lavallette
22 Ortley Avenue
$1,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 11, 2024
AI
A multifamily property located at 22 Ortley Ave in Lavallette was sold for $1,750,000. The transaction involved buyer representation by Lisa Temple of Keller Williamsand seller representation by Liborio Tamburello of Signature Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 22 Ortley Avenue
- Market: Lavallette
- Buyer's Rep: Lisa Temple - Keller Williams
- Seller's Rep: Liborio Tamburello - Signature Realty
The deal's key individuals were Lisa Temple from Keller Williams, representing the buyer, and Liborio Tamburello from Signature Realty, representing the seller.
Players
Lavallette 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93