Updated Dec 4, 2024
Multifamily Property In Long Branch Sold For $3.15M With Brokers From ReMax
247 Cedar Avenue
$3,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 11, 2023
About this deal
AI
A multifamily property located at 247 Cedar Avenue in Long Branch was sold for a sale price of $3,150,000. The property is a part of the Multifamily asset type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 247 Cedar Avenue
- Market: Long Branch
The brokers involved in the transaction were Todd Katz from Remax and Chris Katz from RE/MAX Synergy.
The sale of the multifamily property at 247 Cedar Avenue in Long Branch was facilitated by Todd Katz from Remax and Chris Katz from RE/MAX Synergy.
Long Branch 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93