Updated Oct 28, 2024
Montium Acquires 161-Unit Multifamily In Wilmington, DE For $22.7M
3314 Old Capitol Trail, Wilmington, Delaware 19808, United States
$22,700,000
Units
161
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
The multifamily property located at 3314 Old Capitol Trail in Cranston Hall, Wilmington, DE has been sold. The transaction took place on April 27, 2022. The property consists of 161 units, and the sale price was $22,700,000, with a price per unit (PPU) of $140,994.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,700,000
- Date: April 27, 2022
- Address: 3314 Old Capitol Trail - Cranston Hall, Wilmington, DE
- Market: Wilmington, DE
The buyer of the property was Montium. Rittenhouse Realty Advisors, represented by Bob DiPasquale, Corey Lonberger, Ken Wellar, and Mark Duszak, served as the brokers involved in the deal.
Players
Wilmington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert "Bob" DiPasquale to view all their deals.
Browse Delaware multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93