Updated Jan 21, 2025
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
About this deal
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.
On the Map
$3,100,000
MultiFamily
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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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93