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

Property Image
SOLD
$21,700,000

Maryland

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MultiFamily
Sold 01/28/2022
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Property Image
SOLD

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

911 Leadenhall St, Baltimore, Maryland 21230, United States

See Similar Deals
MultiFamily
Sold 01/28/2022
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Summary

MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale

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

4 deals$187M volume
BUYER

Details

SOLD
IMAGE: Jason Bordainick DATE: 01/24/2022 ADDRESS: 911 Leadenhall Street MARKET: Baltimore, MD ASSET TYPE: Multifamily BUYER: Hudson Valley Property Group - Jason Bordainick SELLER: Evergreen Partners SALE PRICE: $21,700,000 UNITS: 191 ~ PPU: $113,613

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,157,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,095.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,869.07
Annual Debt Service$1,234,428.85