Ocean City, NJ Multifamily Sells For $2.088M With Buyer's Rep Donna Ang & Seller's Rep Burton Wilkins
817-19 Brighton Pl, Ocean City, NJ, USA
$2,088,000
$522/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Aug 5, 2021
AI
A multifamily property located at 817-19 Brighton Pl in Ocean City, NJ has been sold for a total of $2,088,000. The transaction took place on August 6, 2021. This property offers multiple residential units, making it suitable for investment purposes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,088,000
- Address: 817-19 Brighton Pl, Ocean City, NJ
- Market: Ocean City, NJ
The buyer was represented by Donna Ang from Fox Real Estate, while the seller was represented by Burton Wilkins from Goldcoast Sotheby’s International Realty. Their expertise and negotiation skills played a crucial role in facilitating this successful transaction.
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
7.60%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93