Barry Waisbrod Of Kislak Represents Sale Of Multifamily Asset For $33.6M In Mount Holly
1 Foundry Boulevard
$33,600,000
$1,344/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Nov 15, 2024
AI
The property involved in this transaction is a multifamily asset located at 1 Foundry Boulevard in Mount Holly. The sale price for this asset was $33,600,000, which translates to approximately $311,111 per unit. The total number of units within the property is 108.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Units: 108
- Price Per Unit: $311,111
- Market: Mount Holly
- Date of Sale: 11/15/2024
- Broker: Barry Waisbrod - Kislak
This transaction was represented by Barry Waisbrod of Kislak, acting in the capacity of broker for the deal. The representation facilitated the successful completion of the transaction.
Players
Mount Holly 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93