Updated Dec 21, 2023
Alice Gemal & Sonya Grill Real Estate Acquires SFR In Elberon For $4.1M
1026 Ocean Avenue, Long Branch, NJ, USA
$4,100,000
$742/SF
Building Size
5,519 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2021
About this deal
AI
Located in Elberon, the property at 1026 Ocean Ave recently changed hands in a sale transaction. The single-family residential (SFR) asset was sold on March 1, 2021. The transaction was facilitated by the buyer's representative, Alice Gemal from Sonya Grill Real Estate, and the seller's representative, Meyer Edery from Meyer Edery Real Estate Agency Inc. The property was sold for a total price of $4,100,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,100,000
- Date: 03/01/2021
- Address: 1026 Ocean Ave
- Market: Elberon
The sale of this property showcases the expertise of Alice Gemal from Sonya Grill Real Estate and Meyer Edery from Meyer Edery Real Estate Agency Inc, who represented the buyer and seller respectively. The transaction highlights their professionalism and ability to successfully handle closed property deals in the Elberon market.
Players
Long Branch Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93