Updated Dec 4, 2024
Multifamily Property In Ocean City Sold For $1.5M With John McCann And Christopher Oliva Representing Buyer And Seller
315 1st Street
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 3, 2023
About this deal
AI
A multifamily property, located at 315 North 1st Street in Ocean City, has been sold for a price of $1,500,000. The transaction took place with John McCann representing the buyer and Christopher Oliva representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 10/03/2023
- Address: 315 North 1st Street, Ocean City
- Buyer's Rep: John McCann - C.A. McCann & Sons & Inc
- Seller's Rep: Christopher Oliva - Keller Williams
In this property transaction, John McCann acted as the buyer's representative, while Christopher Oliva represented the seller. The successful sale of this multifamily property is a significant achievement for both parties involved.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93