Updated Oct 28, 2024
Khosla Properties Acquires Multifamily Property In Philadelphia For $3.2M
1713 North Front Street, Philadelphia, Pennsylvania 19125, United States
$3,200,000
Units
55
Asset Type
MultiFamily
Closing
Oct 12, 2022
About this deal
AI
The multifamily property located at 1713-21 North Front Street in Philadelphia, Pennsylvania has been sold for a total of $3,200,000. This property consists of 55 units, resulting in an average price per unit of $58,182. The sale took place on October 13, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 55
- Price per Unit: $58,182
The buyer of this property is Khosla Properties, represented by Anuj Khosla. The sale was facilitated by Ryan McManus, an agent from Compass Commercial. This transaction was carried out in the Philadelphia market, showcasing the continued investment and growth in the city's real estate sector.
On the Map
$3,200,000
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93