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1627 Ingleside Avenue Woodl...

Updated Oct 29, 2024

Zapolski Real Estate & ONC Acquire Woodlawn Multifamily For $4.4M
SOLDMultiFamily

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

Justin Verner

Harbor Stone Advisors

Broker

$75.6M

vol

12 deals

Broker

Woodlawn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $110K per unit across 40 units on a published $4.4M (2023).

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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

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