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4207 Gallatin Street

Kayleigh Kulp Purchases Historic Masonic Lodge In Hyattsville From Mount Hermon Lodge For $1.339M
SOLDSpecial Purpose

Kayleigh Kulp Purchases Historic Masonic Lodge In Hyattsville From Mount Hermon Lodge For $1.339M

4207 Gallatin Street & 4210 Farragut Street

$1,339,000

Building Size

Asset Type

Special Purpose

Closing

Apr 4, 2025

AI

The property involved in this transaction is a special purpose asset located at 4207-4210 Farragut Street in Hyattsville, MD. The historic Masonic Lodge, established in 1893, along with its adjacent parking lot, was sold off-market for a total of $1,339,000. This sale marks the end of Mount Hermon Lodge's 131-year ownership of the property.

Summary of transaction details:

This transaction involves local developer Kayleigh Kulp, acquiring the property after a historical tenure by the seller, Mount Hermon Lodge. The deal was facilitated through the representation of Hannah McCann from Feldman Ruel Urban Property Advisors, highlightening the professional involvement in this significant transfer of ownership.

Players

Hannah McCann

Feldman Ruel Urban Property Advisors

Broker

$1.3M

vol

1 deal

Broker

Hyattsville Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.85%

Cash-on-Cash

-3.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93