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1100 Orleans Street Baltimo...

Updated Dec 12, 2024

Continental Realty And A&R Development Sell Multifamily Property In Baltimore For $8.8M
SOLDMultiFamily

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

Justin Verner

Harbor Stone Advisors

Broker

$75.6M

vol

12 deals

Broker
Continental Realty Corporation
Continental Realty CorporationSeller

Baltimore MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $91.7K per unit across 96 units on a published $8.8M (2023).

Visit Tom Wohlgemuth to view all their deals.

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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

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