Updated Dec 21, 2023
Joy Luedtke Real Estate Acquires Multifamily Property In Harvey Cedars, NJ For $1.4M
3 Middlesex Avenue, Harvey Cedars, NJ 08008, USA
$1,399,000
$724/SF
Building Size
1,932 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
The multifamily property located at 3 E Middlesex Ave in Harvey Cedars, NJ was recently sold for $1,399,000. The property spans 1,932 square feet, resulting in a price per square foot of $724. The sale took place on November 9, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,399,000
- Address: 3 E Middlesex Ave, Harvey Cedars, NJ
- Market: Harvey Cedars, NJ
Joy Luedtke, representing Joy Luedtke Real Estate, LLC, acted as the buyer's representative in the transaction. The seller's representative was Steven Sepanak from Sand Dollar Real Estate.
Players
Harvey Cedars 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
11.34%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93