Chris Katz Of Douglas Elliman Represents Buyer In $1.2M Multifamily Sale At 82 Chelsea Avenue

The property asset involved in this transaction is located at 82 Chelsea Avenue, Long Branch. It is a multifamily asset consisting of four rental units. The total sale price for this asset was $1,200,000, reflecting a per unit price of $300,000. The square footage of the property is 4,524, which translates to a price per square foot of $265.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 4
• Square Feet: 4,524
• Price Per Unit: $300,000
• Price Per Square Foot: $265
• Buyer's Representative: Chris Katz - Douglas Elliman
• Seller's Representative: Brian Teitel - Berkshire Hathaway HomeServices Fox & Roach

The sale involved the properties at 82 Chelsea Avenue (including 82 & 84) and 80 Chelsea Avenue which sold together for a combined total of $1.8 million. This included a two-family dwelling featuring six bedrooms and two and a half baths, along with a single-family home offering three bedrooms and one bath.