Updated Sep 9, 2024
Rittenhouse Realty Advisors Represents Sale Of 32-Unit Multifamily In Philadelphia For $6.3M
1321 North 5th Street, Philadelphia, Pennsylvania 19122, United States
$6,325,000
Units
32
Asset Type
MultiFamily
Closing
Oct 18, 2022
About this deal
AI
An apartment building located at 1321 N 5th St in Philadelphia, PA has been sold for $6,325,000. The property is a multifamily asset consisting of 32 units. With a price per unit of $197,656, this transaction took place on October 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,325,000
- Address: 1321 N 5th St, Philadelphia, PA
- Market: Philadelphia, PA
The sale of this property was facilitated by Ken Wellar, Corey Lonberger, and Mark Duszak of Rittenhouse Realty Advisors. They represented the buyers and sellers in this transaction.
On the Map
$6,325,000
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
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93