Thomas Alfinito Acquires SFR In Ocean City From Brad Jungles For $1.95M
255 North St
$1,950,000
Building Size
—
Asset Type
—
Closing
Aug 31, 2022
AI
A single-family residence located at 255 North St in Ocean City has been sold in a recent transaction. The property was purchased by Thomas Alfinito from Brad Jungles for a sale price of $1,950,000. The house spans a total of 1,903 square feet, resulting in a price per square foot of $1,025.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $1,950,000
- Address: 255 North St, Ocean City
- Market: Ocean City
- Buyer: Thomas Alfinito
- Seller: Brad Jungles
The transaction was facilitated by the brokers representing both the buyer and the seller. Burton Wilkins, Burton Wilkins III, and Emily Wilkins of Goldcoast Sotheby's International Realty worked on behalf of both parties to ensure a smooth and successful deal.
Players
Bristol CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93