Updated Dec 19, 2023
G. Anderson Agency Acquires Multifamily Property In Beach Haven, NJ For $1.3M
315 Pelham Avenue, Beach Haven, NJ 08008
$1,300,000
$752/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
About this deal
AI
A multifamily property located at 315 Pelham Ave in Beach Haven, NJ has been sold for a price of $1,300,000. The property spans 1,728 square feet, resulting in a price per square foot of $752. The transaction took place on 09/22/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 315 Pelham Ave
- Market: Beach Haven, NJ
Lori Anderson from G. Anderson Agency represented the buyer in this sale, while Kim Hanadel from Century 21 Action Plus Realty represented the seller.
Players
Beach Haven 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93