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6915 Germantown Avenue

Ryan McManus Of Agent PHL Sells Development Site On Germantown Avenue, Philadelphia For $2,085,000
SOLDDevelopment Site

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

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

Ryan McManus

Agent PHL

Broker

$66.4M

vol

13 deals

Broker

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