Updated Dec 4, 2024
Surf City Multifamily Property Sold For $1.65M With Broker Scott Wayman
44 North 12th Street
$1,650,000
$881/SF
Building Size
1,872 SF
Asset Type
MultiFamily
Closing
Oct 26, 2023
About this deal
AI
A multifamily property in Surf City located at 44 North 12th Street has been sold for a total of $1.65 million. The property spans 1,872 square feet, resulting in a price per square foot of $881.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Square Footage: 1,872 SF
- Price Per Square Foot: $881
- Address: 44 North 12th Street
- Market: Surf City
The sale was facilitated by Scott Wayman, a broker representing Diane Turton, Realtors.
The multifamily sale at 44 North 12th Street in Surf City, New Jersey sold for $1.7M in 2023. The building is 1,872 square feet, implying about 881 per square foot on the published price. Scott Wayman, Diane Turton, Realtors appear on the sale alongside Diane Turton, Realtors. This page is the Surf City, New Jersey file for the 44 North 12th Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Surf City sit in the Market section below. Filter that Surf City multifamily set by closing date to see what else sold near 44 North 12th Street around 2023. Published consideration for 44 North 12th Street is $1.7M, dated 2023. Cite this Surf City Multifamily Property Sold For $1.65M With Broker Scott Wayman sale when underwriting similar multifamily product around Surf City, New Jersey.
Surf City 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93