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
$2,450,000
$1,417/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
Sep 25, 2022
AI
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.
Players
Beach Haven 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93