4507 Central Avenue Multifamily Property Sold In Sea Isle City For $1.65M With Buyer's Rep John Burke Jr & Seller's Rep Margaret Sgalio
4507 Central Avenue
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 1, 2024
AI
4507 Central Avenue in Sea Isle City, a multifamily property, was sold for $1,650,000. The sale was represented by John Burke Jr from Long & Foster Real Estate, who acted as the buyer's representative, and Margaret Sgalio from Compass, who acted as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 4507 Central Avenue, Sea Isle City
- Market: Sea Isle City
This transaction involved the following key individuals and companies: John Burke Jr from Long & Foster Real Estate as the buyer's representative, and Margaret Sgalio from Compass as the seller's representative. They played pivotal roles in facilitating the sale of 4507 Central Avenue in Sea Isle City.
Players
Sea Isle City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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