Apartment Buildings /NJ /Ocean County /Brick /407 Brick Blvd
Apartment Buildings /NJ /Ocean County /Brick /407 Brick Blvd

407 Brick Blvd - Apartments FOR SALE


Brick, NJ 08723 | 
$32,500,000 USD
908-692-7633
407 Brick Blvd, Brick, NJ for Sale
$32,500,000 USD
Apartments - FOR SALE
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407 Brick Blvd
Brick, NJ 08723

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HIGHLIGHTS

  • First time on the market in 50 years
  • Value-add opportunity
  • Approximately 20% of the units have been renovated
  • No rent control
  • Hardwood floors
  • Property owned laundry facilities with video monitoring

OVERVIEW

Drum Point Arms consists of 6, two-story residential buildings with 126 units. The property is conveniently located near the Garden State Parkway and Route 9. Drum Point Arms is also walking distance to schools and nearby shopping.

FOR SALE DETAILS

PRICE

$32,500,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

126

PRICE/UNIT

$257,937

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Drum Point Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

300

LAND DETAILS

LAND ACRES

6.86 AC

LAND SF

298,822 SF

ZONING

RM

APN/PARCEL ID

07-00547-0000-00013

ASK ABOUT THIS PROPERTY

Daniel LanniKislakMore Info
908-692-7633

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Daniel LanniKislakMore Info
908-692-7633

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