Updated Dec 19, 2023
Jeffrey Glass Acquires Multifamily Property In Long Beach Township For $1.125M
7 East Virginia Avenue, Long Beach Township, NJ, USA
$1,125,000
$616/SF
Building Size
1,824 SF
Asset Type
MultiFamily
Closing
Jan 3, 2021
About this deal
AI
The multifamily property located at 7 E Virginia in Long Beach Township has been sold for a price of $1,125,000. The property spans 1,824 square feet, resulting in a price per square foot of $617. The sale was facilitated by Jeffrey Glass of The Van Dyk Group, who represented the buyer, and Matt Kulinski of G. Anderson Agency, who represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 7 E Virginia
- Market: Long Beach Township
- Buyer's Rep: Jeffrey Glass - The Van Dyk Group
- Seller's Rep: Matt Kulinski - G. Anderson Agency
Jeffrey Glass of The Van Dyk Group assisted the buyer in the transaction, while Matt Kulinski of G. Anderson Agency represented the seller. Their expertise and negotiation skills played a crucial role in successfully closing the deal.
Players
Long Beach Township 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93