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

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SOLD
$74,300,000

Maryland

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MultiFamily
Sold 11/10/2021
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Property Image
SOLD

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

9540 Muirkirk Road, Laurel, Maryland 20708, United States

See Similar Deals
MultiFamily
Sold 11/10/2021
Contact now

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.

Players

3 deals$140.3M volume
SELLER

Details

SOLD
IMAGE: Joshua Kushner DATE: 11/10/2021 ADDRESS: 9540 Muirkirk Rd MARKET: Laurel, MD ASSET TYPE: Multifamily BUYER: BDMG SELLER: Cadre - Joshua Kushner SALE PRICE: $74,300,000 UNITS: 389 ~ PPU: $191,0023

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Deal Type
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