Updated Oct 28, 2024
Carter Funds Acquires 324-unit Multifamily Property In Owings Mills, MD For $92.9M
4700 Riverstone Circle, Owings Mills, Maryland 21117, United States
$92,900,000
Units
324
Asset Type
MultiFamily
Closing
Jul 17, 2022
About this deal
AI
An multifamily property located at 4700 Riverstone Dr in Owings Mills, MD has been sold for a total price of $92,900,000. The property consists of 324 units, resulting in a price per unit of $286,396. The transaction took place on July 18, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $92,900,000
- Units: 324
- Price per Unit: $286,396
The buyer of the property was Carter Funds, while the seller was Continental Realty Corporation. The deal was facilitated by Christine Espenshade and Robert Garrish from the Newmark agency.
Players
Owings Mills 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93