Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 26 Utley Place in Willow Street, Pennsylvania sold for $17M in 2021. Reported inventory is 13,939 square feet across 71 units, or about 1.2K per square foot. Matthew (Matt) Wolf, Robert Holland, Kislak appear on the sale alongside Kislak. This page is the Willow Street, Pennsylvania file for the 26 Utley Place multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Willow Street sit in the Market section below. Filter that Willow Street multifamily set by closing date to see what else sold near 26 Utley Place around 2021. Published consideration for 26 Utley Place is $17M, dated 2021. Cite this Kislak Company Acquires Multifamily Property In Willow Street, PA For $17M sale when underwriting similar multifamily product around Willow Street, Pennsylvania.
Players
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