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37 Pitman Avenue

Ocean Grove Multifamily Property Sold For $1.38M With Brokers Jack Green IV & Michelle Green
SOLDMultiFamily

Ocean Grove Multifamily Property Sold For $1.38M With Brokers Jack Green IV & Michelle Green

37 Pitman Avenue

$1,380,000

$608/SF

Building Size

2,268 SF

Asset Type

MultiFamily

Closing

Feb 14, 2024

AI

In Ocean Grove, a multifamily property located at 37 Pitman Avenue was recently sold. The property encompasses a total square footage of 2,268 and was sold for a price of $1,380,000, resulting in a price per square foot of $608.

Summary of transaction details

The sale was facilitated by Jack Green IV and Michelle Green, representing Jack Green Realty. Their expertise and negotiation skills played a crucial role in this successful transaction.

Overall, the sale of the multifamily property at 37 Pitman Avenue in Ocean Grove demonstrates the strong demand for real estate in the area. With a total square footage of 2,268 and a price per square foot of $608, this property is a valuable asset in the market.

Players

Jack Green IV

Jack Green Realty

Broker

$4.8M

vol

3 deals

Broker

Ocean Grove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.49%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93