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19 Warren Park Dr, Pikesvil...

Gelfund Real Estate Opportunities Acquires Pikesville Property From Blue Ocean For $30M With Transwestern Reps
SOLDMultiFamily

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

Dean Sigmon

Transwestern

Broker

$647.5M

vol

12 deals

Broker
GO
Gelfund Real Estate OpportunitiesBuyer

Pikesville 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93