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307 Dolphin Street Baltimor...

Updated Oct 29, 2024

Harbor Stone Advisors Facilitates $3.3M Sale Of Multifamily Property In Baltimore, MD
SOLDMultiFamily

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

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

Justin Verner

Harbor Stone Advisors

Broker

$75.6M

vol

12 deals

Broker

Baltimore MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $118.8K per unit across 28 units on a published $3.3M (2023).

Visit Tom Wohlgemuth to view all their deals.

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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

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