Updated Nov 17, 2023
Ocean City Multifamily Sells For $2M With Broker Michael Contino - BHHS Fox & Roach
816 Wesley Avenue, Ocean City, New Jersey 08226, United States
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
The multifamily property located at 816 Wesley Ave in Ocean City, NJ has been sold for $2,000,000. The sale was facilitated by Michael Contino of BHHS Fox & Roach.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Date: 11/04/2022
- Address: 816 Wesley Ave, Ocean City, NJ
- Market: Ocean City, NJ
Michael Contino of BHHS Fox & Roach acted as the broker in this transaction.
The multifamily sale at 816 Wesley Avenue, Ocean City, New Jersey 08226, United States in Ocean City, New Jersey sold for $2M in 2022. 816 Wesley Avenue, Ocean City, New Jersey 08226, United States is classified as Multifamily on Traded. This page is the Ocean City, New Jersey file for the 816 Wesley Avenue, Ocean City, New Jersey 08226, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ocean City sit in the Market section below. Filter that Ocean City multifamily set by closing date to see what else sold near 816 Wesley Avenue, Ocean City, New Jersey 08226, United States around 2022. Published consideration for 816 Wesley Avenue, Ocean City, New Jersey 08226, United States is $2M, dated 2022. Cite this Ocean City Multifamily Sells For $2M With Broker Michael Contino - BHHS Fox & Roach sale when underwriting similar multifamily product around Ocean City, New Jersey.
Players
Ocean City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93