Gelfund Real Estate Opportunities Acquires Pikesville Property From Blue Ocean For $30M With Transwestern Reps
19 Warren Park Dr, Pikesville, MD, 21...
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2021
AI
The property asset involved in the transaction is located at 19 Warren Park Dr, Pikesville, MD, with a price of $30,000,000.00. The size of the property is listed as 0 square feet, and it is situated within the Pikesville market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $30,000,000.00
- Address: 19 Warren Park Dr, Pikesville, MD
- Market: Pikesville
- Buyer: Gelfund Real Estate Opportunities
- Seller: Blue Ocean
- Buyer's Representative: Justin Shay - Transwestern
- Seller's Representative: Dean Sigmon - Transwestern
This transaction brought together key individuals including the buyer Gelfund Real Estate Opportunities and the seller Blue Ocean, both represented by Dean Sigmon and Justin Shay, respectively, from Transwestern. The involvement of these representatives facilitated the closing of the deal within the specified market area.
Players
Pikesville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93