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

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SOLD
$1,285,000

New Jersey

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MultiFamily1,584 SF
Sold 05/13/2024
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Property Image
SOLD

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

31 West 87th Street

See Similar Deals
MultiFamily1,584 SF
Sold 05/13/2024
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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.

Players

Gina Laird
6 deals$8.9M volume
BROKER

Bridgit Romano
The Van Dyk Group
1 deal$1.3M volume(732) 735-3074
BROKER

Details

SOLD
IMAGE: Bridgit Romano & Gina Laird DATE: 05/13/2024 ADDRESS: 31 West 87th Street MARKET: Long Beach Township ASSET TYPE: Multifamily BUYER'S REP: Bridgit Romano (@Romanosells) - The Van Dyk Group (@VandykGroup) SELLER'S REP: Gina Laird - Remax (@Remax) SALE PRICE: $1,285,000 UNITS: 2 ~ PPU: $642,500 SF: 1,584 ~ PPSF: $811 NOTE: A multifamily property located at 31 West 87th Street in Long Beach Township was sold for $1,285,000. The transaction involved two units and was represented by Bridgit Romano of The Van Dyk Group for the buyer and Gina Laird of RE/MAX for the seller.

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Deal Type
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