Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Property For $4.7M In Middletown, PA
227 E High St, Middletown, PA, USA
$4,700,000
$4,795/SF
Building Size
980 SF
Asset Type
MultiFamily
Closing
May 11, 2021
About this deal
AI
A multifamily property located at 227 E High St in Middletown, PA has been sold for a total price of $4,700,000. The transaction took place on 05/12/2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,700,000
- Address: 227 E High St, Middletown, PA
- Market: Middletown, PA
- Units: 30
- Price Per Unit (PPU): $156,666
The sale of this multifamily property was facilitated by Craig Dunkle and Mher Vartanian of Marcus & Millichap.
The multifamily sale at 227 E High St, Middletown, PA, USA in Middletown, Pennsylvania sold for $4.7M in 2021. Reported inventory is 980 square feet across 30 units, or about 4.8K per square foot. Mher Vartanian, Craig Dunkle, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Middletown, Pennsylvania file for the 227 E High St, Middletown, PA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Middletown sit in the Market section below. Filter that Middletown multifamily set by closing date to see what else sold near 227 E High St, Middletown, PA, USA around 2021. Published consideration for 227 E High St, Middletown, PA, USA is $4.7M, dated 2021. Cite this Marcus & Millichap Brokers Sell Multifamily Property For $4.7M In Middletown, PA sale when underwriting similar multifamily product around Middletown, Pennsylvania.
Players
Middletown 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93