Updated Dec 4, 2024
55 Matilda Terrace Multifamily In Long Branch Sells For $1.85M With Broker Milo Sutton
55 Matilda Terrace
$1,850,000
$263/SF
Building Size
7,030 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
55 Matilda Terrace, a 0.43-acre multi-family property located in Long Branch, was recently sold for $1.85 million. The property consists of a total of 7,030 square feet, resulting in a price per square foot of $263. This transaction was brokered by Milo Sutton of G & G Agency Inc.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Market: Long Branch
- Acres: 0.43
- BROKER: Milo Sutton - G & G Agency Inc
Milo Sutton played a pivotal role in facilitating the sale of 55 Matilda Terrace. His expertise and guidance contributed to the successful completion of this transaction. With his extensive knowledge of the Long Branch market, Sutton was able to negotiate a favorable deal for all parties involved.
Players
Long Branch 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93