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John Gallagher Of Hyatt Commercial Represents Off-Market Sale Of Multifamily Property In Annapolis For $3M
SOLD
$3,000,000
Maryland
See Similar DealsMultiFamily
Sold 11/20/2025
SOLD
John Gallagher Of Hyatt Commercial Represents Off-Market Sale Of Multifamily Property In Annapolis For $3M
214 Prince George Street
See Similar DealsMultiFamily
Sold 11/20/2025
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
214 Prince George Street is a six-unit multifamily property located in downtown Annapolis, MD. The property was sold for $3,000,000, resulting in a price per unit of $500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 6
- Price Per Unit: $500,000
- Date of Sale: 11/20/2025
- Address: 214 Prince George Street
- Market: Annapolis, MD
- Broker: John Gallagher - Hyatt Commercial
Hyatt Commercial facilitated the off-market sale, representing the interests associated with the transaction for the multifamily asset located at 214 Prince George Street in Annapolis.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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