Rittenhouse Realty Advisors Represents Buyer In $22.8M Multifamily Sale On Spring Garden St, Philadelphia
SOLD
$22,800,000
+ 1
Pennsylvania
See Similar DealsMultiFamily
Sold
SOLD
Rittenhouse Realty Advisors Represents Buyer In $22.8M Multifamily Sale On Spring Garden St, Philadelphia
1217 Spring Garden Street, Philadelphia, Pennsylvania 19123, United States
See Similar DealsMultiFamily
Sold
+ 1
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1217 Spring Garden St in Philadelphia, PA has been sold for a total price of $22,800,000. The property consists of 73 units, making the per unit price equal to $312,329. The transaction took place on 06/16/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,800,000
- Units: 73
- Price per Unit: $312,329
The sale of 1217 Spring Garden St was facilitated by Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz from Rittenhouse Realty Advisors. They acted as brokers representing the parties involved in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Listings
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,216,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,003.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,083.63
Annual Debt Service$1,297,003.58
Is there something missing? Send suggestions