The Kislak Company, Inc. Sells Multifamily Property In Reading, Pennsylvania For $6.15M
211 West Douglass Street, Reading, Pennsylvania 19601, United States
$6,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 22, 2022
AI
The multifamily property located at 211-221 West Douglass Street & 153-157 North 5th Street in Reading, Pennsylvania has been sold for $6,150,000. The transaction took place on September 23, 2022. The property consists of 54 units, resulting in a price per unit (PPU) of $113,890.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,150,000
- Units: 54
- Price per Unit (PPU): $113,890
- Market: Reading, Pennsylvania
Matt Wolf from The Kislak Company, Inc. represented the buyer/seller/landlord/tenant in this transaction as the broker.
Players
Reading 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93