Kyle Miller & Michael Stafford Sell Multifamily Property In Philadelphia For $1.85M
SOLD
$1,850,000
Pennsylvania
See Similar DealsMultiFamily5,000 SF
Sold 04/18/2022
SOLD
Kyle Miller & Michael Stafford Sell Multifamily Property In Philadelphia For $1.85M
1010 Pine Street, Philadelphia, Pennsylvania 19107, United States
See Similar DealsMultiFamily5,000 SF
Sold 04/18/2022
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$370
Total Square Footage:5,000 SF
Transaction Type:Sale
A multifamily property located at 1010 Pine St in Philadelphia, PA has been sold for a price of $1,850,000. The asset consists of 9 units with an average price per unit of $205,556. The total square footage of the property is 5,000 square feet, resulting in a price per square foot of $370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 9
- Price per Unit: $205,556
- Square Footage: 5,000
- Price per Square Foot: $370
The buyer's representative in this transaction was Michael Stafford, while the seller's representative was Kyle Miller from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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