Rittenhouse Realty Advisors Represents Sale Of 32-Unit Multifamily In Philadelphia For $6.3M
SOLD
$6,325,000
Pennsylvania
See Similar DealsMultiFamily
Sold 10/19/2022
SOLD
Rittenhouse Realty Advisors Represents Sale Of 32-Unit Multifamily In Philadelphia For $6.3M
1321 North 5th Street, Philadelphia, Pennsylvania 19122, United States
See Similar DealsMultiFamily
Sold 10/19/2022
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$337,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,471.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,983.73
Annual Debt Service$359,804.72
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