Pankaj Sharma Of S&S Properties Investment Acquires Multifamily Asset In Harrisburg For $21.5M
2751 Wilson Parkway
$21,500,000
$101/SF
Building Size
212,650 SF
Asset Type
MultiFamily
Closing
Nov 13, 2024
AI
This multifamily asset, located at 2751 Wilson Parkway in Harrisburg, was sold for $21,500,000. The property consists of 230 units, totaling 212,650 square feet, resulting in a price per unit of $93,478 and a price per square foot of $101.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Units: 230
- Square Footage: 212,650
- Price per Unit: $93,478
- Price per Square Foot: $101
- Buyer: Pankaj Sharma - S&S Properties Investment
- Broker Representatives: Craig Dunkle & Mher Vartanian - SCOPE
The transaction involved Pankaj Sharma from S&S Properties Investment as the buyer. The deal was facilitated by Craig Dunkle and Mher Vartanian representing the brokerage firm SCOPE.
Players
Harrisburg 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93