Updated Dec 4, 2024
Multifamily Property At 801 Saint James Place In Ocean City Sold For $1.2 Million
801 Saint James Place
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 13, 2024
About this deal
AI
A multifamily property located at 801 Saint James Place in Ocean City was involved in a real estate transaction. The property was sold for a total of $1.2 million, reflecting the market dynamics of the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 801 Saint James Place
- Market: Ocean City
- Broker: Patricia Gallo
- Agency: Monihan Realty
Patricia Gallo of Monihan Realty represented the seller in this transaction, facilitating the deal and ensuring a smooth closing process for the involved parties.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93