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4047 North 6th Street, Phil...

Rad Diversified Acquires Package Deal In Philadelphia For $4.75M
SOLD

Rad Diversified Acquires Package Deal In Philadelphia For $4.75M

4047 North 6th Street, Philadelphia, Pennsylvania 19140, United States

$4,750,000

Building Size

Asset Type

Closing

Apr 17, 2023

AI

A package deal involving multiple properties in Philadelphia, PA has been sold for a total of $4,750,000. The transaction, facilitated by brokers Stephen Stafford, Shawn Witter, and Ryan McManus, included the sale of 43 units at an average price of $110,500 per unit.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $4,750,000
  • Market: Philadelphia, PA

The properties included in the package deal are located at the following addresses: 4047 N 6th St, 4141 Cambridge St, 4290 Griscom, 4338 Penn St, 4701 Hawthorne St, 4721 Mulberry St, 509 N 63rd Ave, 5106 Jackson St, 5114 Duffield, 2067 E Chelton Ave, 2010, 2014, 2066 & 2077 Wilmot St, 2113 Simon, 2141 Carver St, 221 W Clapier, 2529 N 33rd, 2539 W Gordon, 2749 N Croskey, 304 E Bringhurst, 1036 Wagner Ave, 1353 Sellers St, 1621 Dyre St, 1662 Conklin, 1826 Plum, 1931 W Airdrie St, 5230 Marlowe, 526 E Walnut, 5310, 5330, 5332, 5334 & 5340 Glenmore Ave, 5339 Hedge, 533 E Mayland St, 5518 Malcolm, 5634 Arch St, 5713 & 6614 Chew Ave, 5915 & 6113 McMahon St, and 5964 Warrington.

Rad Diversified was the buyer in the transaction, while Full Court Development acted as the seller. The buyer was represented by brokers Stephen Stafford and Shawn Witter from SDG Real Estate, along with Ryan McManus from Compass.

Players

Ryan McManus

Agent PHL

Broker

$66.4M

vol

13 deals

Broker
RD
Rad DiversifiedBuyer
FD
Full Court DevelopmentSeller

Philadelphia CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93