Updated Dec 4, 2024
Chris Ryan Of Coldwell Banker Facilitates $1.4M Sale Of Sayreville Multifamily
26 Brookside Avenue
$1,400,000
Units
4
Asset Type
MultiFamily
Closing
May 7, 2024
About this deal
AI
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
Sayreville 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93