facebook
Traded Co logo
Submit

RE/MAX Acquires Multifamily Property In Long Beach Township, NJ For $1.3M

Property Image
SOLD
$1,317,400

New Jersey

See Similar Deals
MultiFamily2,016 SF
Sold 08/31/2021
the dealplayerscompscontact
Property Image
SOLD

RE/MAX Acquires Multifamily Property In Long Beach Township, NJ For $1.3M

57 Adrian Road, Long Beach Township, NJ 08008

See Similar Deals
MultiFamily2,016 SF
Sold 08/31/2021
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$653
Total Square Footage:2,016 SF
Transaction Type:Sale

A multifamily property located at 57 Adrian Rd in Long Beach Township, NJ has been sold. The transaction took place on August 31, 2021, and the sale was facilitated by Scott Wayman of Diane Turton REALTORS, representing the seller, and Mike Spark of RE/MAX, representing the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,317,400
  • Address: 57 Adrian Rd, Long Beach Township, NJ
  • Market: Long Beach Township, NJ
  • Buyer's Rep: Mike Spark - RE/MAX
  • Seller's Rep: Scott Wayman - Diane Turton REALTORS
  • SF: 2,016
  • PPSF: $653

The property spans approximately 2,016 square feet, with a price per square foot of $653. The transaction was successfully concluded due to the expertise and representation of Mike Spark from RE/MAX, who acted as the buyer's representative, and Scott Wayman from Diane Turton REALTORS, who represented the seller.

Players

Mike Spark
1 deal$1.3M volume
BROKER

Scott Wayman
Diane Turton, Realtors
2 deals$3M volume
BROKER

Details

SOLD
IMAGE: Scott Wayman & Mike Spark DATE: 08/31/2021 ADDRESS: 57 Adrian Rd MARKET: Long Beach Township, NJ ASSET TYPE: Multifamily BUYER'S REP: Mike Spark - RE/MAX SELLER'S REP: Scott Wayman - Diane Turton REALTORS SALE PRICE: $1,317,400 SF: 2,016 ~ PPSF: $653

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,261.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,680.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,245.15
Annual Debt Service$74,941.78