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4821-23 Central Ave, Ocean ...

Updated Dec 21, 2023

Ocean City, NJ Land On Central Ave Sells For $3.3M With Matthew Bader & Edward Dale Collins - Berger Realty
SOLD

Ocean City, NJ Land On Central Ave Sells For $3.3M With Matthew Bader & Edward Dale Collins - Berger Realty

4821-23 Central Ave, Ocean City, NJ, USA

$3,300,000

$550/SF

Building Size

6,000 SF

Asset Type

Closing

Sep 13, 2021

About this deal

AI

Matthew Bader of Berger Realty recently closed a transaction involving a piece of land located at 4821-23 Central Ave in Ocean City, NJ. The property was sold on September 14, 2021, for a total sale price of $3,300,000. The land is an asset in the real estate market and offers potential for development or investment opportunities.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $3,300,000
  • Address: 4821-23 Central Ave, Ocean City, NJ
  • Market: Ocean City, NJ

This successful deal was facilitated by Matthew Bader and Edward Dale Collins, both representing Berger Realty. They played crucial roles in ensuring a smooth transaction for all parties involved. The sale of the land demonstrates the strong demand for real estate in Ocean City, NJ, and highlights the expertise and professionalism of Matthew Bader and Edward Dale Collins as brokers.

Players

Matthew Bader

Berger Realty

Broker

$3.3M

vol

1 deal

Broker

Ocean City CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $550 per square foot on a published $3.3M for 6,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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