Hudson Valley Property Group Acquires Multifamily Property In Baltimore For $21.7M
911 Leadenhall St, Baltimore, Maryland 21230, United States
$21,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 27, 2022
AI
The multifamily property located at 911 Leadenhall Street in Baltimore, MD has been sold. The sale was facilitated by Evergreen Partners as the seller. The buyer in this transaction is Hudson Valley Property Group, represented by Jason Bordainick. The sale price for this property was $21,700,000. The property consists of 191 units, with a price per unit of $113,613.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,700,000
- Units: 191
- Price per Unit: $113,613
- Buyer: Hudson Valley Property Group - Jason Bordainick
- Seller: Evergreen Partners
This transaction showcases the successful collaboration between Hudson Valley Property Group, represented by Jason Bordainick, as the buyer, and Evergreen Partners as the seller. The sale of this multifamily property further strengthens Hudson Valley Property Group's investment portfolio in the Baltimore, MD market. The acquisition of 191 units at 911 Leadenhall Street contributes to the company's real estate assets and expands its presence in the local market.
Baltimore 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93