Keller Williams Realty Jersey Shore-Ocean City Acquires Multifamily In Ocean City For $3.15M
SOLD
$3,150,000
New Jersey
See Similar DealsMultiFamily
Sold 02/24/2022
SOLD
Keller Williams Realty Jersey Shore-Ocean City Acquires Multifamily In Ocean City For $3.15M
3332-34 Wesley Avenue, Ocean City, New Jersey 08226, United States
See Similar DealsMultiFamily
Sold 02/24/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 3332-34 Wesley Ave in Ocean City has been sold for a total price of $3,150,000. The property consists of two units, resulting in a price per unit of $1,575,000. The sale was finalized on February 24, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 3332-34 Wesley Ave, Ocean City
- Market: Ocean City
Kristina Doliszny from Keller Williams Realty Jersey Shore-Ocean City represented the buyer in the transaction, while David Zelinski from Berger Realty-E represented the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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