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801 Forest Green Drive

Updated Oct 29, 2024

Yossi Hartman Acquires Multifamily Property In Meadville For $7M
SOLDMultiFamily

Yossi Hartman Acquires Multifamily Property In Meadville For $7M

801 Forest Green Drive

$7,000,000

$125/SF

Building Size

56,000 SF

Asset Type

MultiFamily

Closing

Dec 14, 2022

About this deal

AI

The multifamily property located at 801 Forest Green Drive in Meadville has been sold. The transaction took place on 12/13/2022. The property consists of 100 units, with a price per unit of $70,000, resulting in a total sale price of $7,000,000. The total square footage of the property is 56,000, and the price per square foot is $125.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,000,000
  • Units: 100
  • Price Per Unit: $70,000
  • Square Footage: 56,000
  • Price Per Square Foot: $125

The buyer of the property is Yossi Hartman, and the seller is Jamie Pennington. Yossi Hartman represents positive Housing, which is the nation's fastest-growing affordable housing group providing housing across multiple states. If you have any HUD HAP Contract deals, you can contact Yossi Hartman at 917-622-3412.

Players

O Fallon MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $125 per square foot on a published $7M for 56,000 square feet (2022).

Browse O Fallon multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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