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3 Maryland Circle

Zeke Rotter Of SCOPE Represents Multifamily Sale At 3 Maryland Circle For $11.83M
SOLDMultiFamily

Zeke Rotter Of SCOPE Represents Multifamily Sale At 3 Maryland Circle For $11.83M

3 Maryland Circle

$11,830,000

$112/SF

Building Size

105,560 SF

Asset Type

MultiFamily

Closing

Dec 20, 2024

AI

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.

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