C21/ Solid Gold Realty Acquires Multifamily Property In Ortley Beach For $4.15M
1728 Ocean Ave, Ortley Beach, NJ 08751
$4,150,000
$1,383,333/SF
Building Size
3 SF
Asset Type
MultiFamily
Closing
Feb 13, 2023
AI
The multifamily property located at 1728 Ocean Ave in Ortley Beach has been sold for a total of $4,150,000. The property spans 3,644 square feet, resulting in a price per square foot of $1,139. The transaction took place on February 13, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Square Footage: 3,644
- Price Per Square Foot: $1,139
- Address: 1728 Ocean Ave
- Market: Ortley Beach
The buyer, represented by Michael Poole of C21/ Solid Gold Realty, and the seller, represented by John Bendall of RE/MAX Classic Group, were the key individuals involved in this transaction.
Players
Seaside Heights MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93