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201 South Conkling Street

Updated Jul 14, 2025

Aspen Capital Sells 27-Unit Multifamily Asset In Baltimore For $4.32M With Harbor Stone Advisors
SOLDMultiFamily

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

Justin Verner

Harbor Stone Advisors

Broker

$75.6M

vol

12 deals

Broker
Harbor Stone Advisors
Harbor Stone AdvisorsBrokerage

Baltimore MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $160K per unit across 27 units on a published $4.3M (2025).

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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

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