Luke DeLuca, Daniel Yadgaroff & Kenneth Wellar Acquire Willow Park Road MultiFamily For $3.05M
2031 & 2045 Willow Park Road Bethlehem, Pa
$3,050,000
$160,526/SF
Building Size
19 SF
Asset Type
MultiFamily
Closing
Jan 19, 2023
AI
The multi-family property located at 2031 & 2045 Willow Park Road in Bethlehem, PA was recently sold for a price of $3,050,000. The property spans a total of 19 square feet, resulting in a price per square foot of $160,526. This transaction was facilitated by Luke DeLuca, Daniel Yadgaroff, and Kenneth (Ken) Wellar, representatives from Global Real Estate Advisors (GREA).
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,050,000
- Address: 2031 & 2045 Willow Park Road
- Market: Bethlehem, PA
- Square Footage: 19
- Price per Square Foot: $160,526
- Seller's Representative: Luke DeLuca, Daniel Yadgaroff & Kenneth (Ken) Wellar from Global Real Estate Advisors (GREA)
The transaction was mediated by Luke DeLuca, Daniel Yadgaroff, and Kenneth (Ken) Wellar from Global Real Estate Advisors (GREA), who represented the seller. Their expertise and knowledge of the market contributed to the successful completion of the deal. This sale highlights the strong demand for multi-family properties in Bethlehem, PA.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93