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406 Sixth Avenue
SOLD

Tiffany Tomaini & Michael White Facilitate $1.4M Sale Of Asbury Park Multifamily Property

406 Sixth Avenue

MultiFamily
3,977 SF
clock iconSold 54 days ago
Tiffany Tomaini
Michael White
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Summary

Sale
NEW JERSEY
MultiFamily
3,977 sqft

A five-unit multifamily property located at 406 Sixth Avenue in Asbury Park was recently sold for $1.4 million. The property spans 0.26 acres and offers separate utility meters, off-street parking, and a total of 3,977 square feet. The sale price equated to $280,000 per unit, with a price per square foot of $352. Situated just three blocks away from the beach, this property presents an opportunity for increased rental income, particularly due to the current month-to-month leases of all tenants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 5
  • Price Per Unit: $280,000
  • Square Footage: 3,977
  • Price Per Square Foot: $352
  • Address: 406 Sixth Avenue
  • Market: Asbury Park
  • Buyer's Rep: Michael White - Lighthouse Realty of NJ
  • Seller's Rep: Tiffany Tomaini - Re/Max Synergy

The sale of this property was facilitated by Michael White from Lighthouse Realty of NJ, representing the buyer, and Tiffany Tomaini from Re/Max Synergy, representing the seller. Both parties played crucial roles in ensuring a successful transaction for this multifamily asset in Asbury Park.

Players

  • All

    4

  • Agents

    2

  • Agencies

    2

Tiffany Tomaini's profile picture
Tiffany Tomaini
Re/Max-image
Broker Associate
$1.4M Sold
Michael White's profile picture
$1.4M Sold

Details

Deal Summary
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SOLD
IMAGE: Tiffany Tomaini DATE: 05/24/2024 ADDRESS: 406 Sixth Avenue MARKET: Asbury Park ASSET TYPE: Multifamily ~ ACRES: 0.26 BUYER'S REP: Michael White - Lighthouse Realty of NJ SELLER'S REP: Tiffany Tomaini (@Tiffany_Analeshia) - Re/Max Synergy (@RemaxSynergynj) SALE PRICE: $1,400,000 UNITS: 5 ~ PPU: $280,000 SF: 3,977 ~ PPSF: $352 NOTE: A five-unit multifamily property at 406 Sixth Avenue in Asbury Park sold for $1.4 million, with a price per unit of $280,000. The property, featuring separate utility meters and off-street parking, is located three blocks from the beach and has potential for increased rental income as all tenants are on month-to-month leases.

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Address406 Sixth Avenue

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