Todd Katz & Chris Katz Sell Multifamily Property On Cedar Ave In Long Branch For $1.775M
SOLD
$1,775,000
New Jersey
See Similar DealsMultiFamily6,915 SF
Sold 02/01/2022
SOLD
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
See Similar DealsMultiFamily6,915 SF
Sold 02/01/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:6,915 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87
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