Updated Dec 19, 2023
Coldwell Banker James C Otton Real Estate - SH Facilitates $2.15M Sale Of Stone Harbor Multifamily Property
9508 Sunset Dr, Stone Harbor, NJ, USA
$2,150,000
$472/SF
Building Size
4,552 SF
Asset Type
MultiFamily
Closing
Jan 31, 2021
About this deal
AI
The multifamily property located at 9508 Sunset Dr in Stone Harbor was recently sold. The transaction took place on February 1, 2021. The property consists of two units, with a total price of $2,150,000. This equates to a price per unit of $1,075,000. The sale was facilitated by the brokers Robert Rich and Lorene Borie from Coldwell Banker James C Otton Real Estate - SH.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 2
- Price per Unit: $1,075,000
Robert Rich and Lorene Borie from Coldwell Banker James C Otton Real Estate - SH played a crucial role in representing the parties involved in this sale. The property is located in the Stone Harbor market.
Players
Stone Harbor MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Coldwell Banker to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93