Updated Oct 28, 2024
Galman Group Sells Ambler, PA Residential Property For $15M
311 North Spring Garden Street, Ambler, PA, USA
$15,000,000
$409/SF
Building Size
36,652 SF
Asset Type
Co-Op
Closing
Oct 1, 2021
About this deal
AI
The residential property located at 311 N. Spring Garden Street and 352 Valley Brook Road in Ambler, PA has been sold for a total of $15,000,000. The transaction took place on October 1, 2021. The property consists of 75 units, with each unit having an average price per unit of $200,000.
Summary of Transaction Details
- Property Type: Residential
- Transaction Amount: $15,000,000
- Units: 75
- Price per Unit: $200,000
The seller of the property was the Galman Group, represented by Arnold Galman and Jerald Slipakoff. They successfully closed the deal, showcasing their expertise in the residential real estate market. This transaction highlights their ability to negotiate and finalize a significant sale in Ambler, PA.
Players
Ambler Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93