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
$1,550,000
$625/SF
Building Size
2,478 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
AI
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.
Players
Long Beach Township 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93