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Surf City Multifamily Property Sold For $1.65M With Broker Scott Wayman
SOLD
$1,650,000
New Jersey
See Similar DealsMultiFamily1,872 SF
Sold 10/26/2023
SOLD
Surf City Multifamily Property Sold For $1.65M With Broker Scott Wayman
44 North 12th Street
See Similar DealsMultiFamily1,872 SF
Sold 10/26/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$881
Total Square Footage:1,872 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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