Updated Oct 29, 2024
Rose 3 Holdings Sells 32-Unit Multifamily Property In Long Branch For $6.45M Via Daniel Lanni - Kislak Co
336 3rd Ave, Long Branch, NJ 07740
$6,450,000
Units
32
Asset Type
MultiFamily
Closing
Jun 16, 2023
About this deal
AI
The 32-unit Rose Gardens multifamily property in Long Branch has been sold for $6.45 million. The property is conveniently located near the train station, beach, and Pier Village, making it an attractive investment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,450,000
- Address: 336 Third Avenue
- Market: Long Branch
- Acres: 0.82
- Seller: Rose 3 Holdings
- Broker: Daniel Lanni - Kislak Co.
- Units: 32
- Price Per Unit: $201,563
The Kislak Co. facilitated the off-market transaction for Rose Gardens multifamily property.
Players
New Jersey 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93