Virginia Tennis Acquires Multifamily Property In Long Beach Township For $1.9M, With Buyer's Rep Virginia Tennis - BHHS Zack Shore Realtors And Seller's Rep Richard Jones - G. Anderson Agency
SOLD
$1,949,000
New Jersey
See Similar DealsMultiFamily1,728 SF
Sold 01/15/2021
SOLD
Virginia Tennis Acquires Multifamily Property In Long Beach Township For $1.9M, With Buyer's Rep Virginia Tennis - BHHS Zack Shore Realtors And Seller's Rep Richard Jones - G. Anderson Agency
3901 Ocean Blvd, Long Beach Township, NJ, USA
See Similar DealsMultiFamily1,728 SF
Sold 01/15/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,127
Total Square Footage:1,728 SF
Transaction Type:Sale
The multifamily property located at 3901 Ocean Blvd in Long Beach Township has been sold for a price of $1,949,000. The property spans 1,728 square feet, resulting in a price per square foot of $1,128. The transaction took place on January 15, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,949,000
- Address: 3901 Ocean Blvd
- Market: Long Beach Township
The buyer's representative in this transaction was Virginia Tennis from BHHS Zack Shore Realtors, while Richard Jones from G. Anderson Agency represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,946.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,924.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,239.25
Annual Debt Service$110,871.05
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