Zeke Rotter Of SCOPE Represents Multifamily Sale At 3 Maryland Circle For $11.83M
SOLD
$11,830,000
Pennsylvania
See Similar DealsMultiFamily105,560 SF
Sold 12/20/2024
SOLD
Zeke Rotter Of SCOPE Represents Multifamily Sale At 3 Maryland Circle For $11.83M
3 Maryland Circle
See Similar DealsMultiFamily105,560 SF
Sold 12/20/2024
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$112
Total Square Footage:105,560 SF
Transaction Type:Sale
This multifamily asset located at 3 Maryland Circle in the Lehigh Valley market consists of 80 units and encompasses 105,560 square feet. The sale price of the property amounted to $11,830,000, reflecting a price per unit of $147,875 and a price per square foot of $112.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,830,000
- Units: 80
- Square Feet: 105,560
- Price Per Unit: $147,875
- Price Per Square Foot: $112
- Broker: Zeke Rotter - SCOPE
- Date of Sale: 12/20/2024
Zeke Rotter from SCOPE represented the transaction, ensuring a successful sale in the competitive Lehigh Valley market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$630,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,029.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,080.24
Annual Debt Service$672,962.82
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