Riverwards Group Sells Kensington/Fishtown Multifamily For $21.3M With Agent PHL - Compass Commercial Broker
2035 East Lehigh Avenue, Philadelphia, Pennsylvania 19125, United States
$21,338,000
$237/SF
Building Size
90,000 SF
Asset Type
MultiFamily
Closing
May 26, 2022
AI
The multifamily property located at 2035 E. Lehigh Ave. in Kensington/Fishtown has been sold for a total price of $21,338,000. This transaction was facilitated by Riverwards Group who acted as the seller. The property consists of 75 units, with an average price per unit of $284,506. The total area of the property is 90,000 square feet, resulting in a price per square foot of $237.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,338,000
- Address: 2035 E. Lehigh Ave.
- Market: Kensington/Fishtown
- Seller: Riverwards Group
- Broker: Agent PHL - Compass Commercial
- Units: 75
- Price Per Unit: $284,506
- Total Area: 90,000 square feet
- Price Per Square Foot: $237
The seller, Riverwards Group, played a key role in this transaction. The broker representing the seller was Agent PHL from Compass Commercial. With a successful sale, this multifamily property can now offer new opportunities for its new owners.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93