Updated Dec 21, 2023
Ira Fitlin & Sue Fitlin Acquire Single Family Property In Point Beach, NJ For $2.5M
300 Elizabeth Ave, Point Pleasant Beach, New Jersey 08742, United States
$2,500,000
$879/SF
Building Size
2,844 SF
Asset Type
Single Family Residence
Closing
May 17, 2022
About this deal
AI
The single-family property located at 300 Elizabeth Ave in Point Beach, NJ has been sold. The transaction took place on 05/18/2022 with a sale price of $2,500,000. The property spans 2,844 square feet, resulting in a price per square foot of $879.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,500,000
- Address: 300 Elizabeth Ave, Point Beach, NJ
- Market: Point Beach, NJ
- Buyer: Ira Fitlin & Sue Fitlin
- Seller: Paul Margiotta
- Price per Square Foot: $879
Ira Fitlin and Sue Fitlin were the buyers in this transaction, while Paul Margiotta was the seller.
Players
Point Pleasant Beach 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93