Compass Broker Ryan McManus Represents $3.1M Sale Of Development Site On N Broad St, Philadelphia
676 N Broad St, Philadelphia, PA, USA
$3,100,000
$378/SF
Building Size
8,200 SF
Asset Type
Development Site
Closing
Aug 20, 2021
AI
A development site located at 676 N Broad St in Philadelphia, PA has been sold for a price of $3,100,000. The property spans a total area of 8,200 square feet and consists of 67 units. This sale was completed on 08/20/2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,100,000
- Square Footage: 8,200
- Units: 67
The sale of this development site was facilitated by Ryan McManus from Agent Philadelphia - Compass. He represented the seller and assisted in closing the deal.
Players
Philadelphia 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93