Updated Dec 21, 2023
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
$2,514,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
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.
The multifamily sale at 3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States in Ocean City, New Jersey sold for $2.5M in 2022. 3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States is classified as Multifamily on Traded. Brian Bourgeois, Patrick Halliday, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Ocean City, New Jersey file for the 3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ocean City sit in the Market section below. Filter that Ocean City multifamily set by closing date to see what else sold near 3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States around 2022. Published consideration for 3100-02 Asbury Avenue, Ocean City, New Jersey 08226, United States is $2.5M, dated 2022. Cite this Ocean City Multifamily Sold For $2.5M By Patrick Halliday & Brian Bourgeois - BHHS Fox & Roach sale when underwriting similar multifamily product around Ocean City, New Jersey.
Players
Ocean City 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
6.31%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93