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Compass Represents Buyer In $3.32M Mixed-Use Sale In Fishtown, Philadelphia

Property Image
SOLD
$3,320,000

Pennsylvania

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Mixed-use30,000 SF
Sold 06/29/2022
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Property Image
SOLD

Compass Represents Buyer In $3.32M Mixed-Use Sale In Fishtown, Philadelphia

1801 North Howard Street, Philadelphia, Pennsylvania 19122, United States

See Similar Deals
Mixed-use30,000 SF
Sold 06/29/2022
Contact now

Summary

PENNSYLVANIA
Asset Type:Mixed-use
Price Per Square Foot:$110
Total Square Footage:30,000 SF
Transaction Type:Sale

The mixed-use property located at 1801 N Howard St in Fishtown, Philadelphia, PA was recently sold for a total price of $3,320,000. The transaction took place on 06/29/2022. The property spans over 30,000 square feet, resulting in a price per square foot of $111.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,320,000
  • Address: 1801 N Howard St, Fishtown, Philadelphia, PA
  • Market: Fishtown, Philadelphia, PA
  • Seller: Joe Laragione
  • Buyer's Representative: Kyle Miller - Compass
  • Seller's Representatives: Michael Stafford & Stephen Stafford - The Stafford Group

The sale of this property was facilitated by Kyle Miller from Compass, serving as the buyer's representative, and Michael Stafford and Stephen Stafford from The Stafford Group, representing the seller. With a significant transaction amount and a desirable location in Fishtown, Philadelphia, this sale highlights the ongoing activity in the real estate market.

Players

Kyle Miller
2 deals$5.2M volume
BROKER

Michael Stafford
Keller Williams Realty
2 deals$5.2M volume
BROKER

Stephen Stafford
Stamm Development Group
5 deals$20.1M volume
BROKER

Details

SOLD
IMAGE: Kyle Miller, Michael Stafford & Stephen Stafford DATE: 06/29/2022 ADDRESS: 1801 N Howard St MARKET: Fishtown, Philadelphia, PA ASSET TYPE: Mixed-use SELLER: Joe Laragione BUYER'S REP: Kyle Miller (@Kyle.r.Miller) - Compass SELLER'S REP: Michael Stafford (@StaffordMJ) & Stephen Stafford (@Stephen_Stafford_RE) - The Stafford Group SALE PRICE: $3,320,000 SF: 30,000 ~ PPSF: $111

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,795.25
Cash-on-Cash Return-1.27%
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