Ocean City Multifamily Sold For $2.5M By Patrick Halliday & Brian Bourgeois - BHHS Fox & Roach
SOLD
$2,514,000
New Jersey
See Similar DealsMultiFamily
Sold 04/07/2022
SOLD
Ocean City Multifamily Sold For $2.5M By Patrick Halliday & Brian Bourgeois - BHHS Fox & Roach
3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States
See Similar DealsMultiFamily
Sold 04/07/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 3100-02 Asbury Ave in Ocean City has been sold for a total of $2,514,000. The transaction took place on 04/07/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,514,000
- Address: 3100-02 Asbury Ave, Ocean City
- Market: Ocean City
The sale was facilitated by brokers Patrick Halliday and Brian Bourgeois from the BHHS Fox & Roach agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$134,080.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,931.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,917.64
Annual Debt Service$143,011.71
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