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23 West 83rd Street, Harvey...

Nathaniel Colmer Acquires Multifamily Property In Harvey Cedars For $2.56M
SOLDMultiFamily

Nathaniel Colmer Acquires Multifamily Property In Harvey Cedars For $2.56M

23 West 83rd Street, Harvey Cedars, New Jersey 08008, United States

$2,555,000

$853/SF

Building Size

2,993 SF

Asset Type

MultiFamily

Closing

Jul 5, 2022

AI

Located at 23 W 83rd St in Harvey Cedars, this multifamily property was recently sold for a price of $2,555,000. The property consists of 4 units, with each unit having a price per unit (PPU) of $638,750. The total square footage of the property is 2,993, resulting in a price per square foot (PPSF) of $854.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,555,000
  • Units: 4
  • Price Per Unit (PPU): $638,750
  • Square Footage: 2,993
  • Price Per Square Foot (PPSF): $854

Nathaniel Colmer from The Van Dyk Group represented the buyer in this transaction, while Gina Laird from RE/MAX represented the seller.

Players

Nathaniel Colmer

The Van Dyk Group

Broker

$7M

vol

4 deals

Broker

Harvey Cedars 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

6.21%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93