Updated Oct 29, 2024
Zapolski Real Estate & ONC Acquire Woodlawn Multifamily For $4.4M
1627 Ingleside Avenue Woodlawn, Maryland 21207, USA
$4,400,000
Units
40
Asset Type
MultiFamily
Closing
Jun 26, 2023
About this deal
AI
Ingleside Gardens, a mid-sized garden asset located at 1627 Ingleside Avenue in Woodlawn, Maryland, has been sold for $4,400,000. The property consists of 40 units, resulting in a price per unit of $110,000. The transaction was facilitated by Harbor Stone Advisors, with the buyer being Zapolski Real Estate and ONC (a partnership of Javelin 19 Real Estate, Longford Management, and Cove Investments).
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 1627 Ingleside Avenue
- Market: Woodlawn, MD
- Buyer: Zapolski Real Estate & ONC (a partnership of Javelin 19 Real Estate, Longford Management, and Cove Investments)
- Seller: Ingleside Gardens LLC
- Brokers: Justin Verner & Tom Wohlgemuth - Harbor Stone Advisors
- Units: 40
- Price Per Unit: $110,000
Justin Verner & Tom Wohlgemuth of Harbor Stone Advisors represented the buyer and seller in this transaction, contributing to the successful sale of Ingleside Gardens.
Players
Woodlawn 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93