Updated Sep 9, 2024
Christian Lucia Of RE/MAX Platinum Properties Brokers $6M Multifamily Sale On West Shore Drive In Brigantine
470 W Shore Dr Brigantine, Nj 08203, Usa
$6,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 21, 2023
About this deal
AI
The multifamily property located at 470 West Shore Drive in Brigantine has been sold for $6,000,000. This property, represented by Christian Lucia from RE/MAX Platinum Properties, was a notable transaction in the local market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 470 West Shore Drive
- Market: Brigantine
Christian Lucia from RE/MAX Platinum Properties played a key role in facilitating the sale of this multifamily property. This transaction showcases the expertise and professionalism of the involved parties, highlighting their ability to navigate the market successfully.
Players
New Jersey 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93