Sigman Realty Acquires Multifamily Property In Asbury Park, NJ For $1.03M
515 Fourth Avenue, Asbury Park, New Jersey 07712, United States
$1,032,500
$156/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
Jan 7, 2022
AI
A multifamily property located at 515 4th Ave in Asbury Park, NJ was recently sold for $1,032,500. The property spans 6,600 square feet and was sold at a price per square foot of $156.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,032,500
- Address: 515 4th Ave, Asbury Park, NJ
- Market: Asbury Park, NJ
The buyer's representative in this transaction was Matthew Sigman from Sigman Realty, while Connie King from Weichert Realtors represented the seller.
Players
Asbury Park 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
15.36%
Cash-on-Cash
-4.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93