Berkshire Hathaway HomeServices Acquires SFR In Long Beach Township For $4.7M
SOLD
New Jersey
See Similar DealsSingle Family Residence5,051 SF
Sold
SOLD
Berkshire Hathaway HomeServices Acquires SFR In Long Beach Township For $4.7M
123 E Colorado Ave, Long Beach Township, NJ, USA
See Similar DealsSingle Family Residence5,051 SF
Sold
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$930
Total Square Footage:5051 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 123 E Colorado Ave in Long Beach Township. The property has a total area of 5,051 square feet and was sold for a price of $4,700,000, resulting in a price per square foot of $931.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,700,000
- Address: 123 E Colorado Ave
- Market: Long Beach Township
Craig Stefanoni from BHHS Zack Shore Realtors represented the buyer in this transaction, while Bonnie Wells from Coastal Living Real Estate Group represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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