Updated Dec 21, 2023
Van Dyk Group Acquires Multifamily Property In Seaside Heights For $1.3M
47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States
$1,300,000
Units
5
Asset Type
MultiFamily
Closing
Apr 25, 2022
About this deal
AI
The multifamily property located at 47 Blaine Ave in Seaside Heights has been sold for $1,300,000. This property consists of 5 units, with an average price per unit of $260,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 5
- Price Per Unit: $260,000
The sale was facilitated by broker Alyson Cinquemani from Van Dyk Group.
The multifamily sale at 47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States in Seaside Heights, New Jersey sold for $1.3M in 2022. Reported inventory is 5 units across 5 units. Named participants on the 47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States sale are Alyson Cinquemani. This page is the Seaside Heights, New Jersey file for the 47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Seaside Heights sit in the Market section below. Filter that Seaside Heights multifamily set by closing date to see what else sold near 47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States around 2022. Published consideration for 47 Blaine Avenue, Seaside Heights, New Jersey 08751, United States is $1.3M, dated 2022. Cite this Van Dyk Group Acquires Multifamily Property In Seaside Heights For $1.3M sale when underwriting similar multifamily product around Seaside Heights, New Jersey.
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Seaside Heights 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93