Updated Dec 4, 2024
Sotheby's International Realty Acquires Multifamily Property In Ocean City For $3.3M
4149-51 Asbury Avenue
$3,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 26, 2024
About this deal
AI
4149-51 Asbury Avenue in Ocean City has been sold in a recent closed transaction. The multifamily property fetched a sales price of $3.3 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Date: 01/26/2024
- Market: Ocean City
Ryan Huck, representing Sotheby's International Realty, acted as the buyer's representative in the deal. On the other side, James (Gray) Haenn from Berger Realty served as the seller's representative.
This successful sale of 4149-51 Asbury Avenue demonstrates the importance of strong representation from experienced professionals in the real estate industry.
On the Map
$3,300,000
MultiFamily
View full map
Players
Ocean City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Ocean City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93