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
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