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356 West 14th Street

Sally Volpe Facilitates $1.55M Ship Bottom Multifamily Sale At 356 West 14th Street
SOLDMultiFamily

Sally Volpe Facilitates $1.55M Ship Bottom Multifamily Sale At 356 West 14th Street

356 West 14th Street

$1,550,000

$916/SF

Building Size

1,692 SF

Asset Type

MultiFamily

Closing

Apr 10, 2024

AI

356 West 14th Street in Ship Bottom was sold for $1,550,000 through Diane Turton & Realtors. This multifamily duplex features two units with bay views, central air conditioning, and spacious layouts, offering a unique opportunity for personal use and rental income. The property also has the potential for subdivision and development, catering to families and visitors attending events at nearby yacht clubs, making it an attractive investment prospect in the waterfront community.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Units: 2
  • Price per Unit: $775,000
  • Square Footage: 1,692
  • Price per Square Foot: $916
  • Address: 356 West 14th Street, Ship Bottom
  • Market: Ship Bottom

The sale of 356 West 14th Street was facilitated by Sally Volpe from Diane Turton & Realtors, showcasing her expertise in closing deals within the Ship Bottom area. Sally worked diligently to ensure a smooth transaction for both parties involved, highlighting her commitment to client satisfaction and successful real estate transactions.

Players

Sally Volpe

Diane Turton, Realtors

Broker

$1.6M

vol

1 deal

Broker

Ship Bottom MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93