facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

406 Lake Dr, Allenhurst, NJ...

Updated Dec 21, 2023

Berkshire Hathaway HomeServices Acquires Allenhurst Multifamily For $1.126M
SOLDMultiFamily

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

Frank Gatta

Broker

$1.1M

vol

1 deal

Broker

Allenhurst MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $319 per square foot on a published $1.1M for 3,530 square feet (2021).

Visit Berkshire Hathaway HomeServices to view all their deals.

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

More Deals

Nearby Markets