Updated Dec 4, 2024
Philadelphia Investor Acquires 26-Unit Multifamily Portfolio For $4.3M
2205 Walnut Street, 2213 Walnut Street & 126 South 22nd Street
$4,300,000
Units
26
Asset Type
MultiFamily
Closing
Sep 24, 2023
About this deal
AI
A Philadelphia investor has purchased a 26-unit portfolio of three apartment buildings located at 2205 Walnut St., 2213 Walnut St., and 126 S. 22nd St. in Center City for $4.3 million. This multifamily property transaction was facilitated by brokers Ken Mallin and Nadia Bilynsky of MPN Realty. The properties are situated in the market of Philadelphia, PA.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Number of Units: 26
- Price Per Unit: $165,385
- Seller: AMC Delancey Group
- Brokers: Ken Mallin & Nadia Bilynsky - MPN Realty
This sale marks the successful acquisition of a 26-unit portfolio comprising three apartment buildings in Philadelphia. The properties, situated on Walnut Street and South 22nd Street, offer a prime residential opportunity in the heart of Center City. The transaction was led by AMC Delancey Group as the seller, with their representatives being MPN Realty brokers Ken Mallin and Nadia Bilynsky.
Players
Bouckville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit MPN Realty to view all their deals.
Browse Bouckville multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93