Updated Sep 9, 2024
Barry Waisbrod Of Kislak Sells Multifamily Property In Long Branch For $9.75M
362 Bath Ave Long Branch, NJ 07740, USA
$9,750,000
Units
52
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
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.
On the Map
$9,750,000
MultiFamily
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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