Bridgit Romano & Gina Laird Facilitate $1.285M Multifamily Sale In Long Beach Township
31 West 87th Street
$1,285,000
$811/SF
Building Size
1,584 SF
Asset Type
MultiFamily
Closing
May 13, 2024
AI
A multifamily property located at 31 West 87th Street in Long Beach Township was sold for $1,285,000. The transaction involved two units with a total square footage of 1,584 and a price per unit of $642,500, equivalent to $811 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,285,000
- Units: 2
- Square Footage: 1,584
- Price per Unit: $642,500
- Price per Square Foot: $811
- Address: 31 West 87th Street
- Market: Long Beach Township
The buyer, Bridgit Romano, was represented by The Van Dyk Group, while the seller, Gina Laird, was represented by RE/MAX in the transaction of the multifamily property.
Players
Long Beach Township 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
12.34%
Cash-on-Cash
-3.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93