GREA - Rittenhouse Realty Advisors Facilitates $2.2M Sale Of Sneads Multifamily Property At 2045 3rd Ave
2045 3rd Avenue
$2,200,000
$27/SF
Building Size
79,389 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
AI
The multifamily property located at 2045 3rd Ave in Sneads was recently sold for a total price of $2,200,000. This sale transaction was facilitated by Ken Wellar, Cory Sams, Mando de Armas, and Annamaria Leib of GREA - Rittenhouse Realty Advisors.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 76
- Price per Unit (PPU): $28,947
- Square Footage (SF): 79,389
- Price per Square Foot (PPSF): $28
- Market: Sneads
The property consists of 76 units with an average price per unit of $28,947. It spans a total square footage of 79,389 square feet, resulting in a price per square foot of $28. The sales team from GREA - Rittenhouse Realty Advisors, including Ken Wellar, Cory Sams, Mando de Armas, and Annamaria Leib, successfully executed this transaction.
Players
Sneads 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93