Maxx Feldman & Elijah Korobkin Acquire Inglewood Multifamily For $2.05M
713 Edgewood Street
$2,050,000
$329/SF
Building Size
6,220 SF
Asset Type
MultiFamily
Closing
Aug 5, 2022
AI
A multifamily property located at 713 Edgewood St. in Inglewood has been sold in a recent transaction. The property consists of 8 units with a total square footage of 6,220. The sale price for this transaction was $2,050,000, resulting in a price per unit of $256,250 and a price per square foot of $329.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 713 Edgewood St., Inglewood
- Market: Inglewood
- Units: 8
- Price per Unit: $256,250
- Square Footage: 6,220
- Price per Square Foot: $329
The buyers in this transaction were Maxx Feldman and Elijah Korobkin. The seller of the property was Ezequiel Navar. The deal was facilitated by Jake Glaser, Taylor Avakian, Daniel Withers, and John Boyett from Matthews Real Estate Investment Services.
Players
Baltimore MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93