198 Whitehorse Pike LP Sells Multifamily Property In Collingswood For $9.4M
136 White Horse Pike, Collingswood, New Jersey 08107, United States
$9,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2022
AI
The multifamily property located at 136-198 White Horse Pike & 256 Richey Ave in Collingswood has been sold for a total sale price of $9,400,000. The seller of the property is 198 Whitehorse Pike LP.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,400,000
- Address: 136-198 White Horse Pike & 256 Richey Ave, Collingswood
- Market: Collingswood
Eli Herskowitz from Gebroe-Hammer Associates represented the seller, 198 Whitehorse Pike LP, in this transaction.
The multifamily property consists of 57 units, with a price per unit of $164,912.
West Collingswood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93