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1010 Pine Street, Philadelp...

Kyle Miller & Michael Stafford Sell Multifamily Property In Philadelphia For $1.85M
SOLDMultiFamily

Kyle Miller & Michael Stafford Sell Multifamily Property In Philadelphia For $1.85M

1010 Pine Street, Philadelphia, Pennsylvania 19107, United States

$1,850,000

$370/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Apr 17, 2022

AI

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.

Players

Kyle Miller

Compass

Broker

$5.2M

vol

2 deals

Broker

Philadelphia MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93