Universe Holdings Acquires Multifamily Property In Toms River, NJ For $60M
372 Kettle Creek Road, Toms River, NJ 08753
$60,000,000
$63,157/SF
Building Size
950 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
AI
A multifamily property located at 372 Kettle Creek Rd in Toms River, NJ was recently sold for a total price of $60,000,000. This property consists of 226 units, with an average price per unit of $265,487. The sale took place on June 23, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Address: 372 Kettle Creek Rd, Toms River, NJ
- Market: Toms River, NJ
- Buyer: Universe Holdings - Aaron Manoucheri
- Seller's Representative: Spencer Yablon - CBRE
The buyer of the property is Aaron Manoucheri from Universe Holdings. The transaction was facilitated by Spencer Yablon from CBRE.
Players
Toms River 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93