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1 Foundry Boulevard

Barry Waisbrod Of Kislak Represents Sale Of Multifamily Asset For $33.6M In Mount Holly
SOLDMultiFamily

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

Barry Waisbrod

Kislak

Broker

$176.6M

vol

10 deals

Broker

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