Updated Dec 21, 2023
Gina Farruggio Of BHHS Fox & Roach Brokers $4.25M Sale Of Land In Ocean City, NJ
748 Boardwalk, Ocean City, NJ, USA
$4,250,000
$97/SF
Building Size
43,560 SF
Asset Type
—
Closing
Nov 19, 2021
About this deal
AI
Located at 748 Boardwalk Rear in Ocean City, NJ, this property is a land asset spanning approximately 1 acre. The sale of this land closed on November 19, 2021, with a transaction amount of $4,250,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,250,000
Gina Farruggio from BHHS Fox & Roach represented the parties involved in this transaction.
The commercial sale at 748 Boardwalk, Ocean City, NJ, USA in Ocean City, New Jersey sold for $4.3M in 2021. The building is 43,560 square feet, implying about 97 per square foot on the published price. Gina Farruggio, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Ocean City, New Jersey file for the 748 Boardwalk, Ocean City, NJ, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Ocean City sit in the Market section below. Filter that Ocean City commercial set by closing date to see what else sold near 748 Boardwalk, Ocean City, NJ, USA around 2021. Published consideration for 748 Boardwalk, Ocean City, NJ, USA is $4.3M, dated 2021. Cite this Gina Farruggio Of BHHS Fox & Roach Brokers $4.25M Sale Of Land In Ocean City, NJ sale when underwriting similar commercial product around Ocean City, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93