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2031-2033 South Juniper Str...

G Prime Juniper LLC Acquires Multifamily Property In Philadelphia For $2.15M
SOLDMultiFamily

G Prime Juniper LLC Acquires Multifamily Property In Philadelphia For $2.15M

2031-2033 South Juniper Street, Philadelphia, Pennsylvania 19148, United States

$2,150,000

Units

9

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

A multifamily property located at 2031-2033 S Juniper Street in Philadelphia, PA has been sold for a total price of $2,150,000. The property consists of 9 units, resulting in a price per unit of $238,889. The transaction took place on January 24, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000

The buyer of the property is G Prime Juniper LLC, while the seller is Elitza Betta Acquisitions LLC. The deal was facilitated by the brokers Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz from Rittenhouse Realty Advisors.

Players

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.3B

vol

59 deals

Broker
AL
Acquisitions LLCSeller

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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93