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4209-11 Central Avenue

Blake Edward Halliday And Mark Kolmer Jr. Of Berger Realty Broker Sale Of Ocean City Multifamily For $4.75M
SOLDMultiFamily

Blake Edward Halliday And Mark Kolmer Jr. Of Berger Realty Broker Sale Of Ocean City Multifamily For $4.75M

4209-11 Central Avenue

$4,750,000

Building Size

Asset Type

MultiFamily

Closing

Oct 15, 2024

AI

The property asset involved in this transaction is a multifamily property located at 4209-11 Central Avenue in Ocean City. The sale price of the property is $4,750,000 and it includes 2 units, each featuring 4 bedrooms and 3.5 bathrooms. The updated amenities include hardwood flooring and granite kitchens.

Summary of transaction details:

Blake Edward Halliday and Mark Kolmer Jr., representing Berger Realty, facilitated the transaction of this beachfront multifamily property. Their roles were key in bringing together the buyer and seller in this closed transaction.

Players

Blake Edward Halliday

Berger Realty

Broker

$4.8M

vol

1 deal

Broker

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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93