Updated Dec 21, 2023
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
Ocean City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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