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
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