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

Property Image
SOLD
$2,200,000

New Jersey

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MultiFamily6,905 SF
Sold 07/28/2023
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Property Image
SOLD

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

633 Westwood Ave Long Branch, NJ 07740, USA

See Similar Deals
MultiFamily6,905 SF
Sold 07/28/2023
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:6,905 SF
Transaction Type:Sale

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.

Players

2 deals$3.2M volume
BROKER


Alex Saka
Avenue Realty
1 deal$2.2M volume(732) 822-5986
BROKER

Details

SOLD
IMAGE: Shani Marcus, Marion Osherovitz & Alex Saka DATE: 07/28/2023 ADDRESS: 633 Westwood Avenue MARKET: Long Branch ASSET TYPE: Multifamily BROKERS: Shani Marcus (@Shani.Marcus), Marion Osherovitz & Alex Saka - Avenue Realty NJ (@AvenueRealty.NJ) SALE PRICE: $2,200,000 UNITS: 6 ~ PPU: $366,667 SF: 6,905 ~ PPSF: $319 NOTE: This Long Branch, NJ property at 633 Westwood Avenue offers multiple options: build a dream home or keep it as a rental property with 4 one-bedroom and 2 two-bedroom apartments. Its sought-after location near shopping, the boardwalk, and the beach makes it an attractive investment with a charming Victorian design and recent installations of new hot water heaters and boilers. The sale price is $2,200,000.

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Debt Service Coverage Ratio (DSCR)

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