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

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SOLD
$21,500,000

Pennsylvania

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MultiFamily212,650 SF
Sold 11/13/2024
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SOLD

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

2751 Wilson Parkway

See Similar Deals
MultiFamily212,650 SF
Sold 11/13/2024
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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.

Players

Craig Dunkle
11 deals$60.9M volume(717) 554-4881
BROKER

Mher Vartanian
SCOPE
9 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: Craig Dunkle & Mher Vartanian DATE: 11/13/2024 ADDRESS: 2751 Wilson Parkway MARKET: Harrisburg ASSET TYPE: Multifamily BUYER: Pankaj Sharma - S&S Properties Investment BROKERS: Craig Dunkle (@Craig__Tyler) & Mher Vartanian (@Mher_Vartanian) - SCOPE (@ScopeCRE) SALE PRICE: $21,500,000 UNITS: 230 ~ PPU: $93,478 SF: 212,650 ~ PPSF: $101

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Deal Type
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