Updated Sep 5, 2024
Birchler Realtors Represents Both Parties In $1.55M Lavallette Multifamily Transaction
9 Washington Avenue, Lavallette, New Jersey 08735, United States
$1,550,000
$704/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
A multifamily property located at 9 Washington Ave in Lavallette, was recently sold for $1,550,000. The property spans approximately 2,200 square feet, resulting in a price per square foot of $705.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 9 Washington Ave
- Market: Lavallette
The buyer in this transaction was represented by Eric Birchler from Birchler Realtors, while the seller was represented by Brendan Pierce, also from Birchler Realtors.
The multifamily sale at 9 Washington Avenue, Lavallette, New Jersey 08735, United States in Lavallette, New Jersey sold for $1.6M in 2022. The building is 2,200 square feet, implying about 704 per square foot on the published price. Eric Birchler, Brendan Pierce, Birchler Realtors appear on the sale alongside Birchler Realtors. This page is the Lavallette, New Jersey file for the 9 Washington Avenue, Lavallette, New Jersey 08735, United States 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 Washington Avenue, Lavallette, New Jersey 08735, United States around 2022. Published consideration for 9 Washington Avenue, Lavallette, New Jersey 08735, United States is $1.6M, dated 2022. Cite this Birchler Realtors Represents Both Parties In $1.55M Lavallette Multifamily Transaction sale when underwriting similar multifamily product around Lavallette, New Jersey.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93