Updated Dec 21, 2023
Multifamily In Long Branch, NJ Sells For $1.375M With Michael Manna - Burke & Manna Real Estate Agency
704 Westwood Avenue, Long Branch, NJ, USA
$1,375,000
$275/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
About this deal
AI
A multifamily property located at 704 Westwood Ave in Long Branch, NJ was recently sold for $1,375,000. The sale was facilitated by Michael Manna from Burke & Manna Real Estate Agency.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Address: 704 Westwood Ave
- Market: Long Branch, NJ
This sale was successfully closed with the assistance of Michael Manna, a representative from Burke & Manna Real Estate Agency. The transaction highlights the expertise and professionalism of both parties involved.
Players
Long Branch 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93