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911 Leadenhall St, Baltimor...

Hudson Valley Property Group Acquires Multifamily Property In Baltimore For $21.7M
SOLDMultiFamily

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.

Players

Jason Bordainick

Hudson Valley Property Group

Buyer

$187M

vol

4 deals

Buyer

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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93