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Jeffrey Glass Acquires Multifamily Property In Long Beach Township For $1.125M

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SOLD
$1,125,000

New Jersey

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MultiFamily1,824 SF
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Jeffrey Glass Acquires Multifamily Property In Long Beach Township For $1.125M

7 East Virginia Avenue, Long Beach Township, NJ, USA

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MultiFamily1,824 SF
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$616
Total Square Footage:1824 SF
Transaction Type:Sale

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

1 deal$1.1M volume
BROKER

Jeffrey Glass
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Jeffrey Glass DATE: 01/04/2021 ADDRESS: 7 E Virginia MARKET: Long Beach Township ASSET TYPE: Multifamily BUYER'S REP: Jeffrey Glass - The Van Dyk Group SELLER'S REP: Matt Kulinski - G. Anderson Agency PRICE: $1,125,000 SF: 1,824 ~ PPSF: $617

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
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