Updated Dec 20, 2023
Cheryl Huber & Christopher Monihan Acquires SFR In Ocean City For $4.1M
212 W Atlantic Blvd, Ocean City, NJ, USA
$4,125,000
$607/SF
Building Size
6,795 SF
Asset Type
Single Family Residence
Closing
Feb 4, 2021
About this deal
AI
A single-family home located at 212 W Atlantic Blvd in Ocean City has been sold. The property, represented by Cheryl Huber of BHHS Fox & Roach, was purchased for a price of $4,125,000. The transaction took place on February 5, 2021. The property is situated in a desirable location in Ocean City and offers an attractive investment opportunity.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,125,000
- Date: 02/05/2021
- Address: 212 W Atlantic Blvd, Ocean City
- Market: Ocean City
The buyer's representative, Cheryl Huber of BHHS Fox & Roach, played a crucial role in completing the deal. On the other side, Michael Monihan and Christopher Monihan of Monihan Realty acted as the seller's representatives. Their expertise ensured a smooth transaction process for both parties involved.
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93