Khosla Properties Acquires Multifamily Property In Philadelphia For $3.2M
SOLD
$3,200,000
Pennsylvania
See Similar DealsMultiFamily
Sold 10/13/2022
SOLD
Khosla Properties Acquires Multifamily Property In Philadelphia For $3.2M
1713 North Front Street, Philadelphia, Pennsylvania 19125, United States
See Similar DealsMultiFamily
Sold 10/13/2022
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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