Jack Green Realty Acquires Mixed-use Property In Ocean Grove For $2.1M
56 South Main Street, Ocean Grove, New Jersey 07753, United States
$2,130,000
Building Size
—
Asset Type
Mixed-use
Closing
May 1, 2022
AI
A mixed-use property located at 56 Main Ave in Ocean Grove has been sold for $2,130,000. The transaction took place on 05/02/2022. The property consists of 20 units, resulting in a price per unit (PPU) of $106,500.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,130,000
- Units: 20
- PPU: $106,500
The sale was facilitated by Jack Green IV and Michelle Green from Jack Green Realty. They represented the buyer and seller in this transaction.
Players
Ocean Grove Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.45%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93