Avenue Realty NJ Sells Multifamily Property In Long Branch For $2.2M At 633 Westwood Avenue

The property at 633 Westwood Avenue in Long Branch, NJ is being sold for a price of $2,200,000. This multifamily asset offers multiple options for the buyer, whether they choose to build a dream home or keep it as a rental property. The property features 4 one-bedroom and 2 two-bedroom apartments, making it a versatile investment opportunity. With a charming Victorian design and recent installations of new hot water heaters and boilers, this property is highly desirable. Additionally, its sought-after location near shopping, the boardwalk, and the beach adds to its appeal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 6
• Price Per Unit: $366,667
• Square Footage: 6,905
• Price Per Square Foot: $319
• Market: Long Branch

The brokers involved in this transaction are Shani Marcus, Marion Osherovitz, and Alex Saka from Avenue Realty NJ. They represented the buyer and seller in this deal, ensuring a smooth and successful transaction.