Updated Oct 29, 2024
Harbor Stone Advisors Facilitates $3.3M Sale Of Multifamily Property In Baltimore, MD
307 Dolphin Street Baltimore, Md 21217, Usa
$3,325,000
Units
28
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
Harbor Stone Advisors has facilitated the sale of Hampton Court Apartments in Bolton Hill, Baltimore, MD. The property, located at 307-311 Dolphin St, is a multifamily asset consisting of 28 residential units. The sale, brokered by Justin Verner & Tom Wohlgemuth of Harbor Stone Advisors, was completed for a price of $3,325,000, resulting in a per unit price of $118,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,325,000
- Address: 307-311 Dolphin St, Baltimore, MD
- Market: Baltimore, MD
- Buyer: HD Multifamily
- Seller: Delancey Street Capital
- Brokers: Justin Verner & Tom Wohlgemuth - Harbor Stone Advisors
- Units: 28
- Price Per Unit: $118,750
Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, successfully facilitated the transaction for Hampton Court Apartments. The sale of this property showcases the expertise and professionalism of Harbor Stone Advisors in the multifamily sector.
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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93