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299 Brighton Avenue

Updated Dec 4, 2024

Dolly Sardar Of Cathy Ades Real Estate Represents Buyer In $1.3M Long Branch Multifamily Sale
SOLDMultiFamily

Dolly Sardar Of Cathy Ades Real Estate Represents Buyer In $1.3M Long Branch Multifamily Sale

299 Brighton Avenue

$1,300,000

Units

2

Asset Type

MultiFamily

Closing

Oct 15, 2024

About this deal

AI

The property asset involved in the transaction is a two-unit multifamily property located at 299 Brighton Avenue in Long Branch, NJ. The sale price was $1,300,000, and the property encompasses 0.34 acres. Each unit is priced at $650,000, and the asset features modern amenities along with separate utilities for each unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 299 Brighton Avenue
  • Market: Long Branch
  • Total Acreage: 0.34
  • Units: 2
  • Price Per Unit: $650,000

Dolly Sardar of Cathy Ades Real Estate represented the buyer, while Carolina Zocco of Rosario Realty Inc. represented the seller in this transaction. The deal involved the sale of updated structures just blocks from the beach, showcasing the involvement of experienced professionals in the real estate market.

Players

Carolina Zocco

Rosario Realty

Broker

$1.3M

vol

1 deal

Broker

Long Branch MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $650K per unit across 2 units on a published $1.3M (2024).

Visit Rosario Realty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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