Layton Limited Partnership Sells 96-Unit MultiFamily Property On West Cold Spring Lane For $6.15M

The property asset involved in the transaction is a multi-family unit located at 2900-2938 West Cold Spring Lane, Baltimore, MD. The transaction was completed for a price of $6,150,000, consisting of 96 units with a per unit price of $64,063. The property is described as a garden-style community and has been under the same ownership for over 40 years, presenting a significant opportunity for rent increases through unit updates.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,150,000
• Units: 96
• Price per Unit: $64,063
• Seller: Layton Limited Partnership

The individuals involved in this transaction include brokers Justin Verner, Brooks Healy, Tom Wohlgemuth, and Kevin Landolphi from Harbor Stone Advisors, as well as Larry Cooper from Alex Cooper Auctioneers, who facilitated the auction sale of the Lane Apartments.