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

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SOLD
$1,339,000

Maryland

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Special Purpose
Sold 04/04/2025
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Property Image
SOLD

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

4207 Gallatin Street & 4210 Farragut Street

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Special Purpose
Sold 04/04/2025
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Summary

MARYLAND
Asset Type:Special Purpose
Transaction Type:Sale

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
1 deal$1.3M volume(240) 932-0009
BROKER

Details

SOLD
IMAGE: 04/04/2025 ADDRESS: 4207-4210 Farragut Street MARKET: Hyattsville, MD ASSET TYPE: Special Purpose BUYER: Kayleigh Kulp SELLER: Mount Hermon Lodge BROKER: Hannah McCann - Feldman Ruel Urban Property Advisors SALE PRICE: $1,339,000 NOTE: Hyattsville’s historic 1893 Masonic Lodge and adjacent parking lot sold off-market for $1.339M to local developer Kayleigh Kulp, ending Mount Hermon Lodge ’s 131-year ownership.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$71,413.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,757.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,347.54
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