Updated Dec 21, 2023
Max Leventer Of Irwin Leventer Real Estate Inc. Sells Oakhurst Office Building For $950,000
216 Monmouth Road, Oakhurst, New Jersey 07755, United States
$950,000
$527/SF
Building Size
1,800 SF
Asset Type
Office
Closing
Jun 28, 2022
About this deal
AI
Located at 216 Monmouth Rd in Oakhurst, this office property was recently sold for $950,000. Spanning 1,800 square feet, the property was listed at a price per square foot of $528. The transaction took place on 06/29/2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: $950,000
- Address: 216 Monmouth Rd, Oakhurst
- Market: Oakhurst
- Asset Type: Office
The seller of this property was Lou Perez. The sale was facilitated by brokers Max Leventer from Irwin Leventer Real Estate Inc. and Michelle Arege-Coffenberg from Preferred Properties Real Estate. Max Leventer played a significant role in the deal, having connected with a potential buyer after putting up a custom real estate sign. Despite the property not being officially listed for sale, the buyer expressed interest upon seeing the sign and provided their contact information. Max Leventer then shared all available properties matching the buyer's criteria, leading the buyer to express interest in a particular building. Arrangements were made for a meeting with the owner, during which the buyer fell in love with the building. After brief negotiations, an agreement was reached, and the deal closed within just 3 weeks.
Max Leventer highlights the power of marketing in securing this unexpected deal. He emphasizes the importance of utilizing effective marketing strategies, as it can lead to extraordinary outcomes for a business. Max expresses excitement about the buyer's plans for the property and looks forward to working with more outstanding individuals in the future.
To learn more about this transaction, you can reach out to Max Leventer at 908.309.0681 or email him at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93