Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 515 Fourth Avenue, Asbury Park, New Jersey 07712, United States in Asbury Park, New Jersey sold for $1M in 2022. The building is 6,600 square feet, implying about 156 per square foot on the published price. Matthew Sigman, Connie King, Weichert Realtors appear on the sale alongside Weichert Realtors. This page is the Asbury Park, New Jersey file for the 515 Fourth Avenue, Asbury Park, New Jersey 07712, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Asbury Park sit in the Market section below. Filter that Asbury Park multifamily set by closing date to see what else sold near 515 Fourth Avenue, Asbury Park, New Jersey 07712, United States around 2022. Published consideration for 515 Fourth Avenue, Asbury Park, New Jersey 07712, United States is $1M, dated 2022. Cite this Sigman Realty Acquires Multifamily Property In Asbury Park, NJ For $1.03M sale when underwriting similar multifamily product around Asbury Park, New Jersey.
Players
Asbury Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Sigman to view all their deals.
Browse New Jersey multifamily sales on Traded.
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