Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Allenhurst Multifamily For $1.126M
406 Lake Dr, Allenhurst, NJ, USA
$1,126,000
$319/SF
Building Size
3,530 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
The multifamily property located at 406 Lake Dr in Allenhurst, NJ has been sold for a total price of $1,126,000. The sale took place on October 29, 2021, and the property spans a total of 3,530 square feet. The price per square foot for this transaction is $319. Mark A. Bettencourt captured an image of the property, providing a visual representation of the asset involved in the sale.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,126,000
- Date: October 29, 2021
- Address: 406 Lake Dr, Allenhurst, NJ
- Market: Allenhurst, NJ
- Image: Mark A. Bettencourt
- SF: 3,530
- PPSF: $319
Frank Gatta from Marketmaker Realty Group Inc represented the buyer in this transaction, while Mark A. Bettencourt from Berkshire Hathaway HomeServices Fox & Roach acted as the seller's representative. These individuals played a crucial role in facilitating the deal between the parties involved.
Players
Allenhurst 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
14.09%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93