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22 Ortley Avenue

Lisa Temple & Liborio Tamburello Close $1.75M Multifamily Deal In Lavallette
SOLDMultiFamily

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:

The deal's key individuals were Lisa Temple from Keller Williams, representing the buyer, and Liborio Tamburello from Signature Realty, representing the seller.

Players

Lisa Temple

Keller Williams Realty

Broker

$11.6M

vol

4 deals

Broker

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