Updated Dec 4, 2024
Belmar Multifamily Sold For $1.15M With Buyer's Rep Edward James Szumski & Seller's Rep Michele Dougard
508 Thirteenth Ave
$1,150,000
$512/SF
Building Size
2,245 SF
Asset Type
MultiFamily
Closing
Dec 5, 2023
About this deal
AI
In Belmar's market, a multifamily property located at 508 13th Avenue was sold for $1,150,000. This property spans 2,245 square feet with a price per square foot of $512.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Property Address: 508 13th Avenue
- Market: Belmar
Representing the buyer in this transaction was Edward James Szumski from Berkshire Hathaway HomeServices Fox & Roach, while Michele Dougard from Patrick Parker Realty represented the seller.
It's worth noting that Edward James Szumski from Berkshire Hathaway HomeServices Fox & Roach represented the buyer, and Michele Dougard from Patrick Parker Realty represented the seller.
Players
Belmar 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93