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2012 Spruce Street

Updated Dec 4, 2024

Nancy Alperin Of Maxwell Realty Company Facilitates Sale Of Iconic Townhouse On Spruce Street For $2.625M In Philadelphia
SOLDCondo

Nancy Alperin Of Maxwell Realty Company Facilitates Sale Of Iconic Townhouse On Spruce Street For $2.625M In Philadelphia

2012 Spruce Street

$2,625,000

Building Size

Asset Type

Condo

Closing

Feb 23, 2024

About this deal

AI

The townhouse located at 2012 Spruce Street in Philadelphia was successfully sold by Nancy Alperin of Maxwell Realty Company for $2,625,000. The property, boasting a blend of historical charm and modern luxury, was on the market for 14 years before the sale.

Summary of transaction details:

  • Property Type: Townhouse
  • Transaction Amount: $2,625,000
  • Broker: Nancy Alperin - Maxwell Realty Company
  • Address: 2012 Spruce Street
  • Market: Philadelphia, PA

Nancy Alperin, with over $3 billion in real estate sales, showcased her expertise in Philadelphia's luxury market through the sale of the iconic property at 2012 Spruce Street. Maxwell Realty Company's commitment to excellence in the industry was highlighted by this successful transaction.

Players

Nancy Alperin

Maxwell Realty Company

Broker

$2.6M

vol

1 deal

Broker

Philadelphia Condo Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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