Updated Dec 21, 2023
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
About this deal
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
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