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255 Northpoint Road, Ocean ...

Brad Jungles Sells Ocean City SFR For $1.95M With Burton Wilkins & Goldcoast Sotheby's Intl Realty
SOLDSingle Family Residence

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

Burton Wilkins III

Sotheby's International Realty

Broker

$33.7M

vol

7 deals

Broker

Brad Jungles

Seller

$3.9M

vol

2 deals

Seller

Ocean City Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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