Updated Oct 13, 2026
Howard & Stephanie Heiss Acquire SFR In Ocean City For $7.5M From Seller Anthony & Cheryl Conte
2021 Wesley Avenue, Ocean City, New Jersey 08226, United States
$7,500,000
$1,415/SF
Building Size
5,300 SF
Asset Type
Single Family Residence
Closing
May 5, 2022
About this deal
AI
The recently closed property transaction in Ocean City involved the sale of a single-family residential (SFR) property located at 2021 Wesley Ave. The transaction took place on May 6, 2022. The property spans approximately 5,300 square feet and was sold for a total price of $7,500,000 at an average price per square foot of $1,415.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 2021 Wesley Ave
- Market: Ocean City
Howard & Stephanie Heiss purchased the property from Anthony & Cheryl Conte. The deal was facilitated by Burton Wilkins III, Emily Wilkins, and Burton Wilkins from Goldcoast Sotheby's International Realty.
With this successful transaction, the Heiss couple has acquired a valuable SFR property, providing them with a desirable asset in the Ocean City market.
On the Map
$7,500,000
$1,415/SF
Single Family Residence
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Players
Ocean City Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93