Updated Dec 4, 2024
Disston Vanderslice Of Grace Realty Brokers $7.2M Sale Of Ocean City Multifamily Property
5305-07 Central Avenue
$7,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 11, 2024
About this deal
AI
A multifamily property located at 5305 Central Ave in Ocean City has been sold for a total of $7,200,000. The property, brokered by Disston Vanderslice of Grace Realty, offers a promising investment opportunity in the thriving Ocean City market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,200,000
- Address: 5305 Central Ave
- Market: Ocean City
Disston Vanderslice, representing Grace Realty, played a pivotal role in facilitating the sale of this multifamily property in Ocean City. This transaction not only highlights the value and potential of the property but also showcases the expertise and professional services provided by Disston Vanderslice and Grace Realty.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93