Updated Jul 14, 2025
Aspen Capital Sells 27-Unit Multifamily Asset In Baltimore For $4.32M With Harbor Stone Advisors
201 South Conkling Street
$4,320,000
Units
27
Asset Type
MultiFamily
Closing
Jul 10, 2025
About this deal
AI
The Imperial at Conkling is a multifamily asset located at 201 South Conkling Street in the market of Baltimore, MD. The property includes a total of 27 units and was sold for a price of $4,320,000, resulting in a price per unit of $160,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,320,000
- Address: 201 South Conkling Street
- Market: Baltimore, MD
- Units: 27
- PPU: $160,000
The sale was facilitated by Harbor Stone Advisors, who represented the seller, Aspen Capital, in the transaction. The team involved in this deal includes brokers Justin Verner, Brooks Healy, Tom Wohlgemuth, and Kevin Landolphi.
Players
Baltimore 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
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93