Updated Oct 28, 2024
Keyport Village Apartments DE, LLC Sells 132-Unit Multifamily Property In Keyport For $29M
251 Atlantic Street, Keyport, New Jersey 07735, United States
$29,000,000
Units
132
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
Keyport Village Apartments DE, LLC has sold a multifamily property located at 251 Atlantic Street in Keyport. The property consists of 132 units and was sold for a total of $29,000,000, resulting in a per unit price of approximately $219,697. The transaction took place on June 6, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Number of Units: 132
- Price per Unit: $219,697
The sale of 251 Atlantic Street in Keyport was facilitated by Joni Sweetwood, Robert Holland, and Barry Waisbrod from The Kislak Company. They represented the seller, Keyport Village Apartments DE, LLC.
On the Map
$29,000,000
MultiFamily
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Players
Keyport 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93