Brad Jungles Sells Ocean City SFR For $1.95M With Burton Wilkins & Goldcoast Sotheby's Intl Realty
255 Northpoint Road, Ocean City, New Jersey 08226, United States
$1,950,000
$1,024/SF
Building Size
1,903 SF
Asset Type
Single Family Residence
Closing
Aug 30, 2022
AI
The property involved in this transaction is a single-family home located at 255 Northpoint Rd in Ocean City. The property has a total of 1,903 square feet and was sold for a price of $1,950,000, resulting in a price per square foot of $1,025.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,950,000
- Address: 255 Northpoint Rd
- Market: Ocean City
The seller of the property is Brad Jungles. The transaction was facilitated by Burton Wilkins, Burton Wilkins III, and Emily Wilkins, who represented both the buyer and the seller. Goldcoast Sotheby's International Realty served as the brokerage for this deal.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93