Pankaj Sharma Of S&S Properties Investment Acquires Multifamily Asset In Harrisburg For $21.5M
SOLD
Pennsylvania
See Similar DealsMultiFamily212,650 SF
Sold 11/13/2024
SOLD
Pankaj Sharma Of S&S Properties Investment Acquires Multifamily Asset In Harrisburg For $21.5M
2751 Wilson Parkway
See Similar DealsMultiFamily212,650 SF
Sold 11/13/2024
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:212,650 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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