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
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