BHHS Zack Shore REALTORS Acquires Multifamily Property In Long Beach Township, NJ For $1.55M
SOLD
$1,550,000
New Jersey
See Similar DealsMultiFamily2,478 SF
Sold 01/21/2022
SOLD
BHHS Zack Shore REALTORS Acquires Multifamily Property In Long Beach Township, NJ For $1.55M
2510 Atlantic Avenue, Long Beach Township, New Jersey 08008, United States
See Similar DealsMultiFamily2,478 SF
Sold 01/21/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$625
Total Square Footage:2,478 SF
Transaction Type:Sale
A multifamily property located at 2510 Atlantic in Long Beach Township, NJ, was recently sold for a price of $1,550,000. The property spans a total of 2,478 square feet, resulting in a price per square foot of $626.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 2510 Atlantic, Long Beach Township, NJ
- Market: Long Beach Township, NJ
The buyer in this transaction was represented by Joseph Jones III from BHHS Zack Shore REALTORS, while the seller was represented by Holly Muia from The Van Dyk Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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