Updated Dec 21, 2023
MaxPort Real Estate Sells Multifamily Property In Sea Isle City For $1.8M
8005 Landis Avenue, Sea Isle City, New Jersey 08243, United States
$1,800,000
$731/SF
Building Size
2,460 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
About this deal
AI
A multifamily property located at 8005 Landis Ave in Sea Isle City was recently sold for $1,800,000. This property consists of 2 units, with a price per unit of $900,000. The sale was facilitated by Patrick F Rogers of MaxPort Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 8005 Landis Ave
- Market: Sea Isle City
- Units: 2
- Price Per Unit: $900,000
Patrick F Rogers of MaxPort Real Estate played a key role in brokering this sale.
Players
Sea Isle City 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93