Marcus & Millichap Brokers Sale Of 74 Townhomes In Havre De Grace, MD For $12.15M
471 Battery Drive Havre De Grace, MD 21078, USA
$12,152,635
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2023
AI
A portfolio of 74 townhomes in Havre de Grace, Maryland has been sold for $12.15 million. The multifamily property, located at 471 Battery Drive, was brokered by Marcus & Millichap. The townhomes offer a total of 74 units, with an average price per unit of $164,225.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,152,635
- Address: 471 Battery Drive, Havre De Grace, MD
- Number of Units: 74
- Price per Unit: $164,225
- Brokers: Brian Hosey, Craig Dunkle & Mher Vartanian - Marcus & Millichap
This transaction was facilitated by the Marcus & Millichap team, led by brokers Brian Hosey, Craig Dunkle, and Mher Vartanian. Their expertise and negotiation skills were instrumental in closing the deal for the portfolio of townhomes in Havre de Grace, Maryland.
Players
Havre De Grace MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93