Miriam’s Library Acquires Office Building In Pikesville For $2.3M With Financing From Harford Bank
201 Milford Mill Road
$2,300,000
Building Size
—
Asset Type
Office
Closing
Dec 17, 2025
About this deal
AI
The property asset involved in this transaction is a seven-tenant office building located at 201 Milford Mill Road in Pikesville, MD. It encompasses a total of 14,000 square feet and was sold for a transaction price of $2,300,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,300,000
- Buyer: Miriam’s Library
- Buyer’s Representative: Gilbert Trout - Trout Daniel & Associates
- Seller’s Representative: Yaakov Kanevsky - Midfield Real Estate
- Lender: Harford Bank
In this transaction, Gilbert Trout represented the buyer, Miriam’s Library, and facilitated financing through Harford Bank. The seller was represented by Yaakov Kanevsky from Midfield Real Estate.
Players
Pikesville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93