Barry Waisbrod Of Kislak Sells Multifamily Property In Long Branch For $9.75M
SOLD
$9,750,000
New Jersey
See Similar DealsMultiFamily
Sold 06/01/2023
SOLD
Barry Waisbrod Of Kislak Sells Multifamily Property In Long Branch For $9.75M
362 Bath Ave Long Branch, NJ 07740, USA
See Similar DealsMultiFamily
Sold 06/01/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 362-372 Bath Avenue in Long Branch has been sold in a closed transaction. The property consists of 52 units, with each unit having an average price of $187,500. The sale price for the entire property was $9,750,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $9,750,000
- Market: Long Branch
- Units: 52
- Price per Unit: $187,500
The sale of this multifamily property was facilitated by Barry Waisbrod from Kislak. Barry Waisbrod represented the seller or buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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