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Berkshire Hathaway HomeServices Acquires Single Family Home In Mantoloking For $5.6M

Property Image
SOLD
$5,625,000
Brittany Schwartz
Kellie Fisher
Gregory DeTommaso

New Jersey

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Single Family Residence26,600 SF
Sold 03/02/2021
the dealplayerscompscontact
Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Single Family Home In Mantoloking For $5.6M

1129 Ocean Ave, Mantoloking, NJ, USA

See Similar Deals
Single Family Residence26,600 SF
Sold 03/02/2021
Brittany Schwartz
Kellie Fisher
Gregory DeTommaso
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$211
Total Square Footage:26,600 SF
Transaction Type:Sale

The single-family property located at 1129 Ocean Ave in Mantoloking has been sold. The transaction took place on 03/02/2021 for a sale price of $5,625,000. The property is situated in a desirable location near the ocean.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $5,625,000
  • Address: 1129 Ocean Ave
  • Market: Mantoloking

The buyer of this property was represented by Kellie Fisher from RE/MAX Elite. The seller, on the other hand, was represented by Brittany Schwartz and Gregory DeTommaso from Berkshire Hathaway HomeServices Fox & Roach. Both the buyer and seller were well-represented by their respective agents throughout the transaction.

Players

Gregory DeTommaso
Berkshire Hathaway HomeServices
Gregory DeTommaso
2 deals$9M volume
BROKER
Brittany Schwartz
Brittany Schwartz
1 deal$5.6M volume
BROKER
Kellie Fisher
Kellie Fisher
1 deal$5.6M volume
BROKER

Details

SOLD
IMAGE: Brittany Schwartz, Kellie Fisher, & Gregory DeTommaso DATE: 03/02/2021 ADDRESS: 1129 Ocean Ave MARKET: Mantoloking ASSET TYPE: Single Family BUYER'S REP: Kellie Fisher - RE/MAX Elite SELLER'S REP: Brittany Schwartz & Gregory DeTommaso - Berkshire Hathaway HomeServices Fox & Roach PRICE: $5,625,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$300,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,984.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,665.37
Annual Debt Service$319,984.44