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31 West 87th Street

Bridgit Romano & Gina Laird Facilitate $1.285M Multifamily Sale In Long Beach Township
SOLDMultiFamily

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

Gina Laird

Re/Max

Broker

$8.9M

vol

6 deals

Broker

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