BDMG Acquires Multifamily Property In Laurel, MD For $74.3M
9540 Muirkirk Road, Laurel, Maryland 20708, United States
$74,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 9, 2021
AI
The multifamily property located at 9540 Muirkirk Rd in Laurel, MD has been sold for a price of $74,300,000. This transaction involved 389 units, resulting in a price per unit of $191,0023. The property is owned by Cadre, represented by Joshua Kushner, and the buyer is BDMG.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $74,300,000
- Units: 389
- Price per Unit: $191,0023
- Address: 9540 Muirkirk Rd, Laurel, MD
- Seller: Cadre - Joshua Kushner
- Buyer: BDMG
This transaction marks a significant deal in the real estate market, with Cadre selling the multifamily property to BDMG. Joshua Kushner represented Cadre in this deal.
Players
Laurel 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93