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Bridgit Romano & Gina Laird Facilitate $1.285M Multifamily Sale In Long Beach Township
SOLD
New Jersey
See Similar DealsMultiFamily1,584 SF
Sold 05/13/2024
SOLD
Bridgit Romano & Gina Laird Facilitate $1.285M Multifamily Sale In Long Beach Township
31 West 87th Street
See Similar DealsMultiFamily1,584 SF
Sold 05/13/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$811
Total Square Footage:1,584 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,565.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,091.56
Annual Debt Service$73,098.67
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