Updated Dec 4, 2024
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:
- Property Type: Development Site
- Transaction Amount: $690,000
- Buyer: Munhel Makhoul
- Seller: Patrick Sickafus
- Broker: Gabriel Kozel - CapStar Real Estate
- Market: Sinking Spring, Pennsylvania
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
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