Updated Dec 19, 2023
Doug Newbold - Newbold Real Estate Co. Sells Avalon Multifamily Property For $1.925M
445 22nd Street, Avalon, New Jersey 08202, United States
$1,925,000
$732/SF
Building Size
2,628 SF
Asset Type
MultiFamily
Closing
May 4, 2022
About this deal
AI
The multifamily property at 445 22nd St in Avalon has been sold for $1,925,000. The sale was completed on May 5, 2022. The property spans 2,628 square feet, resulting in a price per square foot of $732.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Square Footage: 2,628 sqft
- Price Per Square Foot: $732
- Address: 445 22nd St, Avalon
- Broker: Doug Newbold - Newbold Real Estate Co.
Doug Newbold from Newbold Real Estate Co. represented the parties involved in the transaction.
Players
Avalon 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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93