facebook
Traded Co logo
Submit
Daily limit: 0/10

Celeste Bentley - Goldcoast Sotheby's Represents Buyer And Graham Ginn - Berger Realty Represents Seller In $1.37M Land Sale In Ocean City

Property Image
SOLD
$1,370,000
Graham Ginn
CB

New Jersey

See Similar Deals
Land10,454 SF
Sold 06/26/2024
the dealplayerscompscontact
Property Image
SOLD

Celeste Bentley - Goldcoast Sotheby's Represents Buyer And Graham Ginn - Berger Realty Represents Seller In $1.37M Land Sale In Ocean City

727 West Avenue & 731 West Avenue

See Similar Deals
Land10,454 SF
Sold 06/26/2024
Graham Ginn
CB
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Land
Price Per Square Foot:$131
Total Square Footage:10,454 SF
Transaction Type:Sale

727-731 West Avenue in Ocean City was sold for $1,370,000, representing a double lot with a size of 5,227 square feet and a price per lot square foot of $262. The property, located in the downtown area, is zoned for Drive-In Business, allowing versatile development opportunities including commercial, residential, professional offices, retail, and more.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,370,000
  • Lot Size: 5,227 SF
  • Price Per Lot Square Foot: $262
  • Address: 727-731 West Avenue
  • Market: Ocean City

The buyer's representative for this transaction was Celeste Bentley from Goldcoast Sotheby's International Realty, while the seller's representative was Graham Ginn from Berger Realty.

Players

Graham Ginn
Berger Realty
Graham Ginn
1 deal$1.4M volume(609) 602-4884
BROKER
CB
Sotheby's International Realty
Celeste Bentley
1 deal$1.4M volume(856) 562-3697
BROKER

Details

SOLD
IMAGE: Graham Ginn DATE: 06/26/2024 ADDRESS: 727-731 West Avenue MARKET: Ocean City ASSET TYPE: Land BUYER'S REP: Celeste Bentley - Goldcoast Sotheby's International Realty (@GoldcoastSIR) SELLER'S REP: Graham Ginn (@InstaGrahamGinn) - Berger Realty SALE PRICE: $1,370,000 LOT SF: 5,227 ~ PPLSF: $262 NOTE: 727-731 West Avenue in Ocean City was sold for $1,370,000, representing a double lot with a size of 5,227 square feet and a price per lot square foot of $262. The property, located in the downtown area, is zoned for Drive-In Business, allowing versatile development opportunities including commercial, residential, professional offices, retail, and more.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$73,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,867.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,494.50
Annual Debt Service$77,933.99