Jack Green Realty Acquires Multifamily Property In Ocean Grove For $1.25M
24 Abbott Avenue, Ocean Grove, New Jersey 07756, United States
$1,247,000
$477/SF
Building Size
2,613 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
Located at 24 Abbott Ave in Ocean Grove, this property is a multifamily asset that was recently sold for $1,247,000. The transaction took place on May 13, 2022. The sale was facilitated by Fred Nerbel, Denise Sherman-Pula, and Jack Green IV from Jack Green Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,247,000
- Address: 24 Abbott Ave, Ocean Grove
- Brokers: Fred Nerbel, Denise Sherman-Pula, and Jack Green IV - Jack Green Realty
- Date: May 13, 2022
The team from Jack Green Realty, consisting of Fred Nerbel, Denise Sherman-Pula, and Jack Green IV, played a crucial role in the successful sale of this multifamily property located at 24 Abbott Ave, Ocean Grove. Their expertise and negotiation skills contributed to achieving the final sale price of $1,247,000.
Players
Ocean Grove 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
12.72%
Cash-on-Cash
-3.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93