Livingston Street Capital Acquires Multifamily Property In Towson For $62.8M
111 Versailles Circle, Towson, Maryland 21204, United States
$62,800,000
Units
210
Asset Type
MultiFamily
Closing
Oct 3, 2022
AI
The multifamily property located at 111 Versailles Circle in Towson, MD was recently sold in a closed transaction. The sale took place on 10/04/2022. The property, consisting of 210 units, was acquired by Livingston Street Capital for a sale price of $62,800,000. This translates to a per unit price of $299,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,800,000
- Address: 111 Versailles Circle, Towson, MD
- Market: Towson, MD
- Buyer: Livingston Street Capital
- Seller: Cadre
- Units: 210
- Price Per Unit: $299,000
The sale of the property was facilitated by Cadre, representing the seller in the transaction. Livingston Street Capital, on the other hand, was represented by their own broker representative in the deal.
Players
Towson 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93