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Continental Realty And A&R Development Sell Multifamily Property In Baltimore For $8.8M
SOLD
Maryland
See Similar DealsMultiFamily
Sold 06/02/2023
SOLD
Continental Realty And A&R Development Sell Multifamily Property In Baltimore For $8.8M
1100 Orleans Street Baltimore, Maryland 21202, Usa
See Similar DealsMultiFamily
Sold 06/02/2023
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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