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4507 Central Avenue

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
SOLDMultiFamily

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

Margaret Sgalio

Compass

Broker

$1.7M

vol

1 deal

Broker

Sea Isle 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