Updated Dec 22, 2023
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
Units
20
Asset Type
Mixed-use
Closing
May 1, 2022
About this deal
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.
The mixed use sale at 56 South Main Street, Ocean Grove, New Jersey 07753, United States in Ocean Grove, New Jersey sold for $2.1M in 2022. Reported inventory is 20 units across 20 units. Michelle Green, Jack Green IV, Jack Green Realty appear on the sale alongside Jack Green Realty. This page is the Ocean Grove, New Jersey file for the 56 South Main Street, Ocean Grove, New Jersey 07753, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Ocean Grove sit in the Market section below. Filter that Ocean Grove mixed use set by closing date to see what else sold near 56 South Main Street, Ocean Grove, New Jersey 07753, United States around 2022. Published consideration for 56 South Main Street, Ocean Grove, New Jersey 07753, United States is $2.1M, dated 2022. Cite this Jack Green Realty Acquires Mixed-use Property In Ocean Grove For $2.1M sale when underwriting similar mixed use product around Ocean Grove, New Jersey.
Players
Ocean Grove Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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