Updated Dec 12, 2024
Continental Realty And A&R Development Sell Multifamily Property In Baltimore For $8.8M
1100 Orleans Street Baltimore, Maryland 21202, Usa
$8,800,000
Units
96
Asset Type
MultiFamily
Closing
Jun 2, 2023
About this deal
AI
The multifamily property located at 1100 Orleans Street in Baltimore, MD was recently sold in a closed transaction. The property consists of 96 units and was sold for a total price of $8,800,000, resulting in a per unit price of $91,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,800,000
- Units: 96
- Price Per Unit: $91,667
The sale was facilitated by the sellers, Continental Realty and A&R Development. The brokers responsible for the transaction were Justin Verner, Brooks Healy, and Tom Wohlgemuth from Harbor Stone Advisors.
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93