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3722 Penn Avenue

Updated Dec 4, 2024

Munhel Makhoul Acquires 3722 Penn Avenue Development Site In Sinking Spring For $690,000
SOLDDevelopment Site

Munhel Makhoul Acquires 3722 Penn Avenue Development Site In Sinking Spring For $690,000

3722 Penn Avenue

$690,000

Building Size

Asset Type

Development Site

Closing

Apr 12, 2024

About this deal

AI

3722 Penn Avenue in Sinking Spring, Pennsylvania, is a Development Site that was recently sold for $690,000. The transaction involved Munhel Makhoul as the buyer and Patrick Sickafus as the seller. The sale was facilitated by Gabriel Kozel from CapStar Real Estate.

Summary of transaction details:

CapStar Real Estate, a hybrid brokerage based in Tampa, Florida, facilitated the off-market deal. They specialize in providing discounted off-market properties in various asset classes across the nation. Buyers seeking such opportunities can contact CapStar Real Estate by emailing [email protected].

Players

Gabriel Kozel

CapStar Real Estate

Broker

$690K

vol

1 deal

Broker

Reading Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

22.99%

Cash-on-Cash

-6.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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