Updated Dec 19, 2023
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
$1,949,000
$1,127/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
Jan 14, 2021
About this deal
AI
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.
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
8.14%
Cash-on-Cash
-2.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93