Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Lavallette, NJ For $1.475M
9 Princeton Avenue, Lavallette, New Jersey 08735, United States
$1,475,000
Units
2
Asset Type
MultiFamily
Closing
Jan 6, 2022
About this deal
AI
Located in Lavallette, NJ, the multifamily property at 9 Princeton Ave has been sold for $1,475,000. The property consists of 2 units, resulting in a price per unit of $737,500. This transaction took place on January 6, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,475,000
- Units: 2
- Price per Unit: $737,500
- Address: 9 Princeton Ave, Lavallette, NJ
- Date of Sale: January 6, 2022
In this deal, Karin Farley from Birchler Realtors represented the buyer, while Kathryn Plosica from Berkshire Hathaway HomeServices Fox & Roach represented the seller.
Players
Lavallette 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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93