Updated Oct 28, 2024
Severn Companies Sells Multifamily Property In Catonsville, MD For $11.3M With Brokers Justin Verner, Tom Wohlgemuth & Brooks Healy - Harbor Stone Advisors
128 Nunnery Lane, Catonsville, Maryland 21228, United States
$11,300,000
Units
88
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
An apartment complex located at 128 Nunnery Lane in Catonsville, MD has been sold for a total price of $11,300,000. The property is a multifamily asset consisting of 99 units, with an average price per unit of $121,505.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Address: 128 Nunnery Lane, Catonsville, MD
- Market: Catonsville, MD
- Seller: Severn Companies
- Brokers: Justin Verner, Tom Wohlgemuth & Brooks Healy - Harbor Stone Advisors
Justin Verner, Tom Wohlgemuth, and Brooks Healy from Harbor Stone Advisors represented the seller, Severn Companies, in this transaction.
Players
Catonsville 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93