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Aspen Apartments Sold For $11.8M In Whitehall PA With Zeke Rotter As The Broker

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SOLD
$11,800,000

Pennsylvania

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MultiFamily
Sold 01/30/2025
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Property Image
SOLD

Aspen Apartments Sold For $11.8M In Whitehall PA With Zeke Rotter As The Broker

3 Maryland Circle

See Similar Deals
MultiFamily
Sold 01/30/2025
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Summary

PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale

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

Zeke Rotter
3 deals$28.2M volume(215) 667-9656
BROKER

Details

SOLD
IMAGE: 01/30/2025 ADDRESS: 3 Maryland Circle MARKET: Whitehall, PA ASSET TYPE: Multifamily BROKER: Zeke Rotter - SCOPE Commercial Real Estate SALE PRICE: $11,800,000 UNITS: 80 ~ PPU: $147,500 NOTE: SCOPE Commercial Real Estate brokered the $11.8M sale of Aspen Apartments, an 80-unit multifamily building in Whitehall, PA, to an undisclosed buyer via a 1031 exchange. The property features one- to three-bedroom units ranging from 1,080 to 1,600 SF, with the buyer previously selling two multifamily assets in Allentown.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$629,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24