Compass Sells Free-Market KWT Portfolio, 29 Units For $12.3M In Windsor Terrace And Kensington

The "Free-Market KWT Portfolio" has been sold in a package deal consisting of seven properties in Windsor Terrace and Kensington. The properties include 29 residential units and two retail units. The addresses of the properties are 3013-3015 Ft. Ham Pkwy, 2914 Ft. Ham Pkwy, 43 Dahill Rd, 59 Louisa St, and 398/420 McDonald Ave. The sale price for the portfolio was $12,300,000, with an asking price of $13,900,000. The total square footage of the portfolio is 23,324, resulting in a price per square foot of $527. The transaction represents a cap rate of 5.15%.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $12,300,000
• Address: 3013-3015 Ft. Ham Pkwy, 2914 Ft. Ham Pkwy, 43 Dahill Rd, 59 Louisa St, 398/420 McDonald Ave
• Square Footage: 23,324
• Market: Windsor Terrace, Kensington
• Buyer's Representative: Ian Mednick & Scott Klein - Compass
• Seller's Representative: Nathan Horne - The Scott Klein Team & Maxine Resnick - Compass

Compass is proud to announce the sale of the "Free-Market KWT Portfolio," facilitated by Ian Mednick of Compass's The Scott Klein Team, who represented the buyer in a 1031 exchange. The negotiation process involved considerations such as capital gains deferrals, financing, and transfer/mortgage assignment taxes. After six months of negotiations, the unique portfolio was successfully transacted to the satisfaction of both the buyer and the seller.