Updated Oct 28, 2024
Zatos Investments Acquires Industrial/Commercial Property In Northern Liberties For $1.2M
1139-41 N 3rd St, Northern Liberties, Philadelphia, PA, USA
$1,200,000
$352/SF
Building Size
3,408 SF
Asset Type
Mixed-use
Closing
Sep 15, 2021
About this deal
AI
The industrial/commercial property located at 1139-41 N 3rd St in Northern Liberties, Philadelphia, PA has been sold. The property spans 3,408 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $352. The transaction took place on September 15, 2021. Ryan Stawasz captured an image of the property, which can be viewed on Instagram.
Summary of transaction details
- Property Type: Industrial/Commercial
- Transaction Amount: $1,200,000
- Square Footage: 3,408
- Address: 1139-41 N 3rd St, Northern Liberties, Philadelphia, PA
- Market: Northern Liberties, Philadelphia, PA
- Buyer: Zatos Investments
- Broker: Ryan Stawasz - Ryan Stawasz Realty
Congratulations to Zatos Investments on their purchase of this property. Ryan Stawasz represented them as the broker in this transaction. The property is expected to be developed into a boutique 10-unit, 4-car parking condo building, with plans to bring it to market in 2022.
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93