Updated Dec 19, 2023
Ocean City Multifamily Sold For $1.25M With Buyer's Rep John Greiner - Berger Realty
3729-31 Asbury Avenue, Ocean City, NJ, USA
$1,250,000
$450/SF
Building Size
2,772 SF
Asset Type
MultiFamily
Closing
Feb 11, 2021
About this deal
AI
3729-31 Asbury Ave, a multifamily property in Ocean City, was recently sold for $1,250,000. The transaction was facilitated by John Greiner of Berger Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
John Greiner of Berger Realty played a crucial role in the successful sale of this property in Ocean City.
The multifamily sale at 3729-31 Asbury Avenue, Ocean City, NJ, USA in Ocean City, New Jersey sold for $1.3M in 2021. The building is 2,772 square feet, implying about 450 per square foot on the published price. John Greiner, Berger Realty appear on the sale alongside Berger Realty. This page is the Ocean City, New Jersey file for the 3729-31 Asbury Avenue, Ocean City, NJ, USA 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 3729-31 Asbury Avenue, Ocean City, NJ, USA around 2021. Published consideration for 3729-31 Asbury Avenue, Ocean City, NJ, USA is $1.3M, dated 2021. Cite this Ocean City Multifamily Sold For $1.25M With Buyer's Rep John Greiner - Berger Realty 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93