BDMG Acquires Multifamily Property In Laurel, MD For $74.3M
SOLD
$74,300,000
Maryland
See Similar DealsMultiFamily
Sold 11/10/2021
SOLD
BDMG Acquires Multifamily Property In Laurel, MD For $74.3M
9540 Muirkirk Road, Laurel, Maryland 20708, United States
See Similar DealsMultiFamily
Sold 11/10/2021
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,962,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$263,972.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$352,219.91
Annual Debt Service$4,226,638.87
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