Updated Dec 4, 2024
Multifamily In Ship Bottom Sold For $1.5M With Buyer's Rep Jason Gareau & Seller's Rep Joy Luedtke & Lieben Luedtke
232 West 16th Street
$1,499,000
$610/SF
Building Size
2,456 SF
Asset Type
MultiFamily
Closing
Dec 5, 2023
About this deal
AI
232 West 16th Street in Ship Bottom, a multifamily property, sold for $1,499,000. The property spans 2,456 square feet and has a price per square foot of $610.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,499,000
- SF: 2,456
- PPSF: $610
- Address: 232 West 16th Street
- Market: Ship Bottom
The deal involved Jason Gareau from Long & Foster Real Estate as the buyer's representative, and Joy Luedtke & Lieben Luedtke from Joy Luedtke Real Estate as the seller's representatives.
Players
Holland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Joy Luedtke to view all their deals.
Browse Holland multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93