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55 Matilda Terrace

Updated Dec 4, 2024

55 Matilda Terrace Multifamily In Long Branch Sells For $1.85M With Broker Milo Sutton
SOLDMultiFamily

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

Milo Sutton

G & G Agency

Broker

$1.9M

vol

1 deal

Broker

Long Branch MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $263 per square foot on a published $1.9M for 7,030 square feet (2023).

Visit G & G Agency to view all their deals.

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

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