Updated May 22, 2026
$6.4M Ocean Drive SFR Sale In Avalon With Broker Mike Mavromates - Long & Foster Real Estate, Inc
5024 Ocean Drive, Avalon, NJ, USA
$6,400,000
$831/SF
Building Size
7,697 SF
Asset Type
Single Family Residence
Closing
Dec 17, 2020
About this deal
AI
Located in Avalon, the property at 5024 Ocean Drive recently changed hands in a sale transaction. Under the representation of Mike Mavromates from Long & Foster Real Estate, Inc., this single-family home (SFR) was sold on December 18, 2020. The property boasts a spacious 7,697 square feet, with a sale price of $6,400,000. This translates to a price per square foot (PPSF) of $831.
Summary of transaction details
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $6,400,000
- Square Footage: 7,697 sqft
- Address: 5024 Ocean Drive
- Market: Avalon
- Broker: Mike Mavromates - Long & Foster Real Estate, Inc.
This sale transaction involved the expertise of Mike Mavromates, representing Long & Foster Real Estate, Inc. His knowledge and skills contributed to the successful completion of this property sale in Avalon.
Players
Avalon 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93