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Berkshire Hathaway HomeServices Acquires Manasquan SFR For $4.2M

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SOLD
$4,200,000

New Jersey

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Single Family Residence6,800 SF
Sold 01/22/2021
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Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Manasquan SFR For $4.2M

1625 Twin Lakes Drive, Manasquan, NJ, USA

See Similar Deals
Single Family Residence6,800 SF
Sold 01/22/2021
Contact now

Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$617
Total Square Footage:6,800 SF
Transaction Type:Sale

Located in Manasquan, this single-family residential property at 1625 Twin Lakes Drive has recently been sold for a price of $4,200,000. With a spacious interior spanning approximately 6,800 square feet, this property offers ample space for its new owners. The price per square foot comes in at $618, highlighting the value of this transaction. The sale was facilitated by the experienced brokers Patrick Butera and Anthony Garofalo from Berkshire Hathaway HomeServices.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,200,000
  • Address: 1625 Twin Lakes Drive
  • Market: Manasquan
  • Asset Type: SFR
  • Brokers: Patrick Butera & Anthony Garofalo - Berkshire Hathaway HomeServices
  • SF: 6,800
  • PPSF: $618

The successful sale of this property was made possible by the dedicated efforts of Patrick Butera and Anthony Garofalo, both representing Berkshire Hathaway HomeServices. Their expertise in the real estate market played a crucial role in finalizing this deal, ensuring that both the buyer and seller were satisfied with the outcome.

Players

Patrick Butera
4 deals$16.3M volume
BROKER

Anthony Garofalo
Berkshire Hathaway HomeServices
2 deals$11.7M volume
BROKER

Details

SOLD
IMAGE: Patrick Butera & Anthony Garofalo DATE: 01/22/2021 ADDRESS: 1625 Twin Lakes Drive MARKET: Manasquan ASSET TYPE: SFR BROKERS: Patrick Butera & Anthony Garofalo - Berkshire Hathaway HomeServices PRICE: $4,200,000 SF: 6,800 ~ PPSF: $618

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71