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Chris Ryan Of Coldwell Banker Facilitates $1.4M Sale Of Sayreville Multifamily

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SOLD
$1,400,000

New Jersey

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MultiFamily
Sold 05/07/2024
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Property Image
SOLD

Chris Ryan Of Coldwell Banker Facilitates $1.4M Sale Of Sayreville Multifamily

26 Brookside Avenue

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MultiFamily
Sold 05/07/2024
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

26 Brookside Avenue in Sayreville was sold for $1,400,000, featuring two duplex properties with a total of 4 units, each with separate utilities and designed as townhouses with garages and ample parking. This well-maintained multi-family property, ideal for investors seeking low maintenance, offers a strong investment opportunity with units ranging from two to three bedrooms.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 4
  • PPU: $350,000
  • Acres: 0.67
  • Address: 26 Brookside Avenue
  • Market: Sayreville

BROKER: Chris Ryan - Coldwell Banker

Players

Chris Ryan
Coldwell Banker
Chris Ryan
2 deals$3.2M volume(732) 433-0743
BROKER

Details

SOLD
IMAGE: Chris Ryan DATE: 05/07/2024 ADDRESS: 26 Brookside Avenue MARKET: Sayreville ASSET TYPE: Multifamily ~ ACRES: 0.67 BROKER: Chris Ryan (@ChrisRyanrealtornj) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,400,000 UNITS: 4 ~ PPU: $350,000 NOTE: 26 Brookside Avenue in Sayreville was sold for $1,400,000, featuring two duplex properties with a total of 4 units, each with separate utilities and designed as townhouses with garages and ample parking. This well-maintained multi-family property, ideal for investors seeking low maintenance, offers a strong investment opportunity with units ranging from two to three bedrooms. Prospective buyers must be pre-qualified before scheduling a showing for this highly desirable and efficiently managed property.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
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