Updated Dec 19, 2023
Matthew Schlosser's Schlosser Real Estate Acquires Multifamily Property In Lavallette For $1.3M
9 Vance Ave, Lavallette, NJ, USA
$1,300,000
$259/SF
Building Size
5,001 SF
Asset Type
MultiFamily
Closing
Mar 21, 2021
About this deal
AI
A multifamily property located at 9 Vance Ave in Lavallette has been sold for $1,300,000. The sale took place on March 22, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
The buyer's representative in this transaction was Matthew Schlosser from Schlosser Real Estate, Inc. and the seller's representative was Peter Frampton from Bay Coast Realty.
The multifamily sale at 9 Vance Ave, Lavallette, NJ, USA in Lavallette, New Jersey sold for $1.3M in 2021. The building is 5,001 square feet, implying about 259 per square foot on the published price. Matthew Schlosser, Peter Frampton, Schlosser Real Estate appear on the sale alongside Schlosser Real Estate. This page is the Lavallette, New Jersey file for the 9 Vance Ave, Lavallette, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lavallette sit in the Market section below. Filter that Lavallette multifamily set by closing date to see what else sold near 9 Vance Ave, Lavallette, NJ, USA around 2021. Published consideration for 9 Vance Ave, Lavallette, NJ, USA is $1.3M, dated 2021. Cite this Matthew Schlosser's Schlosser Real Estate Acquires Multifamily Property In Lavallette For $1.3M sale when underwriting similar multifamily product around Lavallette, New Jersey.
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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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93