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Multifamily Property At 801 Saint James Place In Ocean City Sold For $1.2 Million
SOLD
$1,200,000
New Jersey
See Similar DealsMultiFamily
Sold 09/13/2024
SOLD
Multifamily Property At 801 Saint James Place In Ocean City Sold For $1.2 Million
801 Saint James Place
See Similar DealsMultiFamily
Sold 09/13/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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