Beachfront And Boardwalk-block Property Sold For Over 3.7 Million
Even though we are in a Shelter-In-Place here in New Jersey, under those rules realtors and housing sales are allowed to go on.
Today we learned that two property sales took place last week that included a motel and a decent amount of a block on the boardwalk.
According to the Property Transfer records of New Jersey, 3901 Ocean Ave was sold to Khamayax LLC for $725,000 and 3910 Boardwalk was also sold to Khamayax LLC for $3,025,000 totaling out to $3,750,000.
These properties consists of the Sea N Sun Motel with 21 units with a pool, 4 boardwalk stores, a multi-family corner building and 40 parking spaces.
After doing some digging was found that the owners who purchased the properties, Khamayax LLC, also own the Heart of Wildwood. This leads us to believe that Sea N Sun Motel isn’t going anywhere! We wish them the best of luck!
Tune back in for more information.