Updated Sep 9, 2024
Rittenhouse Realty Advisors Brokers $11.75M Sale Of Mixed-use Property In Philadelphia
1200 Washington Avenue, Philadelphia, PA, USA
$11,750,000
$14,156/SF
Building Size
830 SF
Asset Type
Mixed-use
Closing
Apr 14, 2021
About this deal
AI
The mixed-use property located at 1200 Washington Ave in Philadelphia, PA has been sold for a price of $11,750,000. The property consists of 48 apartments and 2 commercial units.
Summary of transaction details
- Property Type: Mixed-use (48 apartments and 2 commercial)
- Transaction Amount: $11,750,000
- Units: 50
- Price Per Unit: $235,000
The sale of this property was facilitated by Ken Wellar and Corey Lonberger from Rittenhouse Realty Advisors.
The mixed use sale at 1200 Washington Avenue, Philadelphia, PA, USA in Philadelphia, Pennsylvania sold for $11.8M in 2021. Reported inventory is 830 square feet across 49 units, or about 14.2K per square foot. Kenneth (Ken) Wellar, Corey Lonberger, Global Real Estate Advisors (GREA), Rittenhouse Realty Advisors appear on the sale alongside Global Real Estate Advisors (GREA), Rittenhouse Realty Advisors. This page is the Philadelphia, Pennsylvania file for the 1200 Washington Avenue, Philadelphia, PA, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Philadelphia sit in the Market section below. Filter that Philadelphia mixed use set by closing date to see what else sold near 1200 Washington Avenue, Philadelphia, PA, USA around 2021. Published consideration for 1200 Washington Avenue, Philadelphia, PA, USA is $11.8M, dated 2021. Cite this Rittenhouse Realty Advisors Brokers $11.75M Sale Of Mixed-use Property In Philadelphia sale when underwriting similar mixed use product around Philadelphia, Pennsylvania.
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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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93