Barry Waisbrod Of Kislak Sells Multifamily Property In Long Branch For $9.75M
362 Bath Ave Long Branch, NJ 07740, USA
$9,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 1, 2023
AI
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.
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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93