Updated Oct 28, 2024
Odyssey Real Estate Group Acquires Multifamily Property In Wildwood From Masterson For $2.5M
4001 Park Boulevard, Wildwood, New Jersey 08260, United States
$2,500,000
$105/SF
Building Size
23,712 SF
Asset Type
MultiFamily
Closing
May 4, 2022
About this deal
AI
A multifamily property located at 4001 Park Blvd in Wildwood has been sold for $2,500,000. The property consists of 28 units, with an average price per unit of $89,286. The total square footage of the property is 23,712, resulting in a price per square foot of $105.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 4001 Park Blvd
- Market: Wildwood
- Units: 28
- Price per Unit: $89,286
- Square Footage: 23,712
- Price per Square Foot: $105
The buyer of the property is Odyssey Real Estate Group, while the seller is Masterson. Anthony Palmiotto and Gary Fare were involved in the transaction as representatives.
Players
Wildwood 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93