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
$3,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
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
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93