Updated Oct 29, 2024
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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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