Aspen Apartments Sold For $11.8M In Whitehall PA With Zeke Rotter As The Broker
3 Maryland Circle
$11,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 30, 2025
AI
The property involved in this transaction is Aspen Apartments, an 80-unit multifamily building located at 3 Maryland Circle in Whitehall, PA. The sale price of the asset was $11,800,000, translating to a price per unit of $147,500. The apartments feature one- to three-bedroom units with square footage ranging from 1,080 to 1,600 SF.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,800,000
- Units: 80
- Price Per Unit: $147,500
- Address: 3 Maryland Circle
- Market: Whitehall, PA
The deal was brokered by Zeke Rotter of SCOPE Commercial Real Estate, who represented the seller in this transaction. The sale closed on January 30, 2025, and was executed via a 1031 exchange with the buyer having previously sold two multifamily assets in Allentown.
Players
Whitehall MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93