Ryan McManus Of Agent PHL Sells Development Site On Germantown Avenue, Philadelphia For $2,085,000
6915 Germantown Avenue
$2,085,000
Building Size
—
Asset Type
Development Site
Closing
Oct 23, 2023
AI
A development site located at 6915 Germantown Avenue in Philadelphia, PA has been sold for a price of $2,085,000. The sale was facilitated by broker Ryan McManus from Agent PHL. The property consists of a vacant lot that offers the potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,085,000
- Address: 6915 Germantown Avenue, Philadelphia, PA
- Broker: Ryan McManus - Agent PHL
This transaction presents an opportunity for the buyer to capitalize on the property's prime location in Philadelphia. With the guidance of Ryan McManus from Agent PHL, the buyer can explore various development possibilities for the vacant lot and maximize its potential value.
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
7.61%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93