Barbara Roff Acquires SFR In Avalon For $7.75M With Seller's Rep John Binder Jr
SOLD
$7,750,000
New Jersey
See Similar DealsSingle Family Residence4,581 SF
Sold
SOLD
Barbara Roff Acquires SFR In Avalon For $7.75M With Seller's Rep John Binder Jr
141 65th Street, Avalon, NJ, USA
See Similar DealsSingle Family Residence4,581 SF
Sold
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$1691
Total Square Footage:4581 SF
Transaction Type:Sale
A single-family residence located at 141 65th Street in Avalon has been sold for $7,750,000. The property spans 4,581 square feet, resulting in a price per square foot of $1,692. The transaction took place on January 11, 2021, and was represented by Barbara Roff from Long & Foster Real Estate Inc. as the buyer's representative, and John (Jack) Binder Jr. from Ferguson Dechert, Inc as the seller's representative.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,750,000
- Address: 141 65th Street, Avalon
- Market: Avalon
- Asset Type: SFR
Barbara Roff from Long & Foster Real Estate Inc. represented the buyer in this transaction, while John (Jack) Binder Jr. from Ferguson Dechert, Inc represented the seller. The sale of this property showcases the collaboration between these two representatives in closing the deal for the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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