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244 103rd Street

Hugh Merkle & Stephan Frame Facilitate $2.6M Stone Harbor Multifamily Sale
SOLDMultiFamily

Hugh Merkle & Stephan Frame Facilitate $2.6M Stone Harbor Multifamily Sale

244 103rd Street

$2,600,000

Building Size

Asset Type

MultiFamily

Closing

Mar 27, 2024

AI

The multifamily property located at 244 103rd Street in Stone Harbor was sold for $2,600,000. Hugh Merkle from Compass represented the buyer, while Stephan Frame from Diller & Fisher Realtors represented the seller.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 244 103rd Street
  • Market: Stone Harbor
  • Buyer's Rep: Hugh Merkle - Compass
  • Seller's Rep: Stephan Frame - Diller & Fisher Realtors

The sale of the property was facilitated by Hugh Merkle from Compass, who represented the buyer in the transaction. On the other side, Stephan Frame from Diller & Fisher Realtors acted as the seller's representative, ensuring a smooth deal between the parties involved.

Players

Stephan Frame

Diller & Fisher Realtors

Broker

$32.4M

vol

9 deals

Broker

Stone Harbor 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93