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255 North St

Thomas Alfinito Acquires SFR In Ocean City From Brad Jungles For $1.95M
SOLD

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

Brad Jungles

Seller

$3.9M

vol

2 deals

Seller

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