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3 South Street, Sea Bright,...

Berkshire Hathaway HomeServices Sells Multifamily Property In Sea Bright For $1.125M
SOLDMultiFamily

Berkshire Hathaway HomeServices Sells Multifamily Property In Sea Bright For $1.125M

3 South Street, Sea Bright, NJ, USA

$1,125,000

$637/SF

Building Size

1,764 SF

Asset Type

MultiFamily

Closing

Dec 29, 2020

AI

A multifamily property located at 3 South Street in Sea Bright was recently sold for $1,125,000. The transaction took place on December 30, 2020. The property consists of two units, resulting in a per unit price of $562,500. The sale was facilitated by Karen Busichio and Mario Venancio of Berkshire Hathaway HomeServices.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Address: 3 South Street, Sea Bright
  • Market: Sea Bright
  • Brokers: Karen Busichio & Mario Venancio - Berkshire Hathaway HomeServices

Karen Busichio and Mario Venancio from Berkshire Hathaway HomeServices played key roles in the sale of this property. Their expertise and assistance ensured a successful transaction for all parties involved.

Players

Karin Busichio

Berkshire Hathaway HomeServices

Broker

$5M

vol

3 deals

Broker

Sea Bright 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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93