Updated Sep 9, 2024
Todd Katz & Chris Katz Sell Multifamily Property On Cedar Ave In Long Branch For $1.775M
74 Cedar Avenue, Long Branch, New Jersey 07740, United States
$1,775,000
$256/SF
Building Size
6,915 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
A multifamily property located at 74 Cedar Ave in Long Branch has been sold for $1,775,000. The property consists of 6 units, resulting in a per unit price of $295,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Address: 74 Cedar Ave
- Market: Long Branch
Albert Sutton from Elite Real Estate Agency, LLC represented the buyer in the transaction. Todd Katz & Chris Katz from RE/MAX Synergy acted as the seller's representatives.
The multifamily sale at 74 Cedar Avenue, Long Branch, New Jersey 07740, United States in Long Branch, New Jersey sold for $1.8M in 2022. Reported inventory is 6,915 square feet across 6 units, or about 256 per square foot. Todd Katz, Chris Katz, Albert Sutton, Douglas Elliman appear on the sale alongside Douglas Elliman, Re/Max. This page is the Long Branch, New Jersey file for the 74 Cedar Avenue, Long Branch, New Jersey 07740, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Long Branch sit in the Market section below. Filter that Long Branch multifamily set by closing date to see what else sold near 74 Cedar Avenue, Long Branch, New Jersey 07740, United States around 2022. Published consideration for 74 Cedar Avenue, Long Branch, New Jersey 07740, United States is $1.8M, dated 2022. Cite this Todd Katz & Chris Katz Sell Multifamily Property On Cedar Ave In Long Branch For $1.775M sale when underwriting similar multifamily product around Long Branch, New Jersey.
Players
Long Branch MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Todd Katz to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93