The Van Dyk Group Facilitates $2.45M Multifamily Sale In Long Beach Township, NJ
SOLD
$2,450,000
New Jersey
See Similar DealsMultiFamily1,728 SF
Sold 09/26/2022
SOLD
The Van Dyk Group Facilitates $2.45M Multifamily Sale In Long Beach Township, NJ
3901 Ocean Blvd, North Beach Haven, New Jersey 08008, United States
See Similar DealsMultiFamily1,728 SF
Sold 09/26/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,417
Total Square Footage:1,728 SF
Transaction Type:Sale
A multifamily property located at 3901 Ocean in Long Beach Township, NJ, was recently sold for $2,450,000. The property spans 1,728 square feet, resulting in a price per square foot of $1,418. The transaction took place on 09/26/2022 and was facilitated by broker Art Rosenbaum from The Van Dyk Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Square Footage: 1,728 SF
- Price per Square Foot: $1,418
- Address: 3901 Ocean, Long Beach Township, NJ
- Market: Long Beach Township, NJ
Art Rosenbaum, from The Van Dyk Group, represented the parties involved in the transaction, serving as the broker for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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