Ocean Grove Multifamily Home Sold For $1.1M By Adam Hignite & Robert LoBiondo

A Grand Victorian three-family home at 40 Central Avenue in Ocean Grove was sold for $1.1 million. The property boasts updated kitchens, new washers and dryers in two units, and is conveniently located near the beach and local amenities. With a total of 3,000 square feet, the property consists of three separate residences spread out across each floor.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Units: 3
• Price Per Unit: $366,667
• Square Footage: 3,000
• Price Per Square Foot: $367
• Address: 40 Central Avenue
• Market: Ocean Grove

The sale of the property at 40 Central Avenue was facilitated by Adam Hignite and Robert LoBiondo from Compass.