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26 Utley Place

Kislak Company Acquires Multifamily Property In Willow Street, PA For $17M
SOLDMultiFamily

Kislak Company Acquires Multifamily Property In Willow Street, PA For $17M

26 Utley Place

$17,000,000

$1,219/SF

Building Size

13,939 SF

Asset Type

MultiFamily

Closing

Jul 9, 2021

AI

An multifamily property located at 26 Utley Place in Willow Street, PA has been sold for a total price of $17,000,000. The property consists of 72 units, leading to a per unit price of $236,111.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Units: 72
  • Per Unit Price: $236,111
  • Market: Willow Street, PA

The sale of this property was facilitated by brokers Matt Wolf and Robert Holland from Kislak Company, Inc.

Players

Robert Holland

Kislak

Broker

$158.1M

vol

12 deals

Broker

Willow Street 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93