Shani Marcus & Kathryn Perez Close $1.015M Multifamily Sale On Westwood Ave, Long Branch
SOLD
$1,015,000
New Jersey
See Similar DealsMultiFamily6,905 SF
Sold 03/17/2021
SOLD
Shani Marcus & Kathryn Perez Close $1.015M Multifamily Sale On Westwood Ave, Long Branch
633 Westwood Avenue, Long Branch, NJ, USA
See Similar DealsMultiFamily6,905 SF
Sold 03/17/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$147
Total Square Footage:6,905 SF
Transaction Type:Sale
A multifamily property located at 633 Westwood Ave in Long Branch has been sold for $1,015,000. The property consists of 6,905 square feet with 6 units, resulting in a price per square foot of $147 and a price per unit of $169,167.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,015,000
- Address: 633 Westwood Ave
- Market: Long Branch
- Square Footage: 6,905
- Price per Square Foot: $147
- Number of Units: 6
- Price per Unit: $169,167
Shani Marcus from Town & Country Real Estate Consultants represented the buyer in this transaction, while Kathryn Perez from Coldwell Banker Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,606.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,811.62
Annual Debt Service$57,739.41
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