Cheryl Huber & Christopher Monihan Acquires SFR In Ocean City For $4.1M
SOLD
$4,125,000
New Jersey
See Similar DealsSingle Family Residence6,795 SF
Sold 02/05/2021
SOLD
Cheryl Huber & Christopher Monihan Acquires SFR In Ocean City For $4.1M
212 W Atlantic Blvd, Ocean City, NJ, USA
See Similar DealsSingle Family Residence6,795 SF
Sold 02/05/2021
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$607
Total Square Footage:6,795 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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