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Monihan Realty Inc. Sells SFR In Ocean City For $3M

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SOLD
$3,000,000

New Jersey

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Single Family Residence1,746 SF
Sold 05/02/2022
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Property Image
SOLD

Monihan Realty Inc. Sells SFR In Ocean City For $3M

257 Ocean Road, Ocean City, New Jersey 08226, United States

See Similar Deals
Single Family Residence1,746 SF
Sold 05/02/2022
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$1,718
Total Square Footage:1,746 SF
Transaction Type:Sale

Located at 257 Ocean Rd in Ocean City, this single-family residential property was recently sold in a closed transaction. The property spans across an area of 1,746 square feet, offering ample space for comfortable living. The transaction took place on May 2, 2022, with a sale price of $3,000,000. This translates to a price per square foot of $1,718.

Summary of transaction details

  • Property Type: Single-family residential (SFR)
  • Transaction Amount: $3,000,000
  • Location: 257 Ocean Rd, Ocean City
  • Market: Ocean City

The deal was facilitated by Christopher Monihan of Monihan Realty Inc., who represented the parties involved in the transaction. Christopher's expertise and knowledge of the Ocean City market contributed to the successful completion of the sale.

Players

Christopher Monihan
5 deals$18.4M volume
BROKER

Details

SOLD
IMAGE: Christopher Monihan DATE: 05/02/2022 ADDRESS: 257 Ocean Rd MARKET: Ocean City ASSET TYPE: SFR BROKER: Christopher Monihan (@ChrisMonihanoc) - Monihan Realty Inc. (@MonihanRealty) SALE PRICE: $3,000,000 SF: 1,746 ~ PPSF: $1,718

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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