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2751 Wilson Parkway

Pankaj Sharma Of S&S Properties Investment Acquires Multifamily Asset In Harrisburg For $21.5M
SOLDMultiFamily

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

Craig Dunkle

SCOPE

Broker

$60.9M

vol

11 deals

Broker

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