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9540 Muirkirk Road, Laurel,...

BDMG Acquires Multifamily Property In Laurel, MD For $74.3M
SOLDMultiFamily

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

Joshua Kushner

Cadre

Seller

$140.3M

vol

3 deals

Seller

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