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3 Maryland Circle

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

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

Zeke Rotter

SCOPE

Broker

$28.2M

vol

3 deals

Broker

Whitehall 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

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93