Updated Dec 19, 2023
Daniel Lanni Of Kislak Brokers $6.55M Sale Of 36-Unit Multifamily In Neptune City, NJ
65 Steiner Avenue, Neptune City, New Jersey 07753, United States
$6,550,000
$217/SF
Building Size
30,120 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
A multifamily property located at 65 Steiner Ave in Neptune City, NJ has been sold for $6,550,000. The sale was facilitated by broker Daniel Lanni from Kislak. The property consists of 36 units, with a per unit price of $181,944.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $6,550,000
- Address: 65 Steiner Ave
- Market: Neptune City, NJ
- Broker: Daniel Lanni - Kislak
- Units: 36
- Price Per Unit (PPU): $181,944
This sale transaction was successfully facilitated by Daniel Lanni from Kislak. The property, located in Neptune City, NJ, offers 36 units at a per unit price of $181,944. The deal was closed at a sale price of $6,550,000.
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Neptune MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93