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25 North Coolidge Avenue, M...

BHHS Fox & Roach Acquires Margate Multifamily Property On N Coolidge Ave For $1.6M
SOLDMultiFamily

BHHS Fox & Roach Acquires Margate Multifamily Property On N Coolidge Ave For $1.6M

25 North Coolidge Avenue, Margate City, New Jersey 08402, United States

$1,625,000

Building Size

Asset Type

MultiFamily

Closing

Mar 29, 2022

AI

A multifamily property located at 25 N Coolidge Ave in Margate has been sold for $1,625,000. The transaction took place on 03/30/2022. The property was listed by Troy Rosenzweig, Phyllis Scherr, and Carol Shaw from BHHS Fox & Roach. The sale of this multifamily asset marks a significant milestone in the Margate real estate market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Address: 25 N Coolidge Ave
  • Market: Margate

Troy Rosenzweig, Phyllis Scherr, and Carol Shaw from BHHS Fox & Roach played a pivotal role in facilitating the sale of this property. Their expertise and negotiation skills contributed to the successful completion of the transaction.

Players

Troy Rosenzweig

Berkshire Hathaway HomeServices

Broker

$4.1M

vol

2 deals

Broker

Margate City 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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93