Updated Oct 28, 2024
1218 N 5th St Multifamily In Philadelphia, PA Sells For $9,050,000 To 1216-1226 North 5th Street Owner LLC
1218 North 5th Street, Philadelphia, Pennsylvania 19133, United States
$9,050,000
Units
31
Asset Type
MultiFamily
Closing
Mar 21, 2022
About this deal
AI
1218 N 5th St in Philadelphia, PA has been sold in a recent transaction. The property is a multifamily asset with 31 units. The sale price for this property was $9,050,000, resulting in a price per unit of $291,935.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,050,000
- Address: 1218 N 5th St, Philadelphia, PA
- Market: Philadelphia, PA
The buyer, 1216-1226 North 5th Street Owner LLC, acquired the property from Rock Development. Representing the transaction were Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz from Rittenhouse Realty Advisors.
On the Map
$9,050,000
MultiFamily
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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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93