Updated Dec 4, 2024
Judith Schaller Of United Real Estate Associates Represents Buyer In Sale Of Point Pleasant Beach Home For $2.275M
175 Boardwalk
$2,275,000
$623/SF
Building Size
3,648 SF
Asset Type
Single Family
Closing
Jul 9, 2024
About this deal
AI
The property, located at 175 Boardwalk in Point Pleasant Beach, has sold for $2,275,000. This single-family home features a spacious 3,648 square feet and has a price per square foot of $624. Originally built for Sony Music executive Paul R. Smith, this notable Jersey Shore house has historical significance, known for playing Frank Sinatra music from its porch. The property was previously on and off the market since 2022, originally listed at $4.4 million, experiencing several price reductions before its final sale.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,275,000
- Address: 175 Boardwalk
- Market: Point Pleasant Beach
- Square Footage: 3,648
- Price Per Square Foot: $624
- Buyer's Representative: Judith Schaller - United Real Estate Associates
- Seller's Representative: James Ward - Keller WilliamsRealty Ocean Living
Judith Schaller represented the buyer in this transaction, while James Ward represented the seller. The closing of this property reflects a unique opportunity within the upscale market of Point Pleasant Beach, showcasing the collaboration between the respective real estate agencies involved in the sale.
Players
Point Pleasant Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93