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:
- Property Type: Special Purpose
- Transaction Amount: $1,339,000
- Buyer: Kayleigh Kulp
- Seller: Mount Hermon Lodge
- Seller's Representative: Hannah McCann - Feldman Ruel Urban Property Advisors
- Date of Sale: 04/04/2025
- Market: Hyattsville, MD
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.
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