SOLDMultiFamily
David Zelinski Of Berger Realty Represents Sale Of Ocean City Multifamily Property For $3.1M
3829 31 Central Avenue
$3,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 8, 2025
AI
The multifamily property located at 3829-31 Central Avenue in Ocean City has been sold for $3.1 million. This property is categorized as an asset type of multifamily and is part of the Ocean City market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 3829-31 Central Avenue
- Market: Ocean City
- Broker: David Zelinski - Berger Realty
David Zelinski of Berger Realty represented the transaction in this sale. This deal showcases the active multifamily real estate market in Ocean City.
Players
Ocean City 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93