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
Stone Harbor 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93