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303 Vine Street

Rittenhouse Realty Advisors Brokers $13M Multifamily Sale In Philadelphia
SOLDMultiFamily

Rittenhouse Realty Advisors Brokers $13M Multifamily Sale In Philadelphia

303 Vine Street

$13,000,000

$206/SF

Building Size

63,000 SF

Asset Type

MultiFamily

Closing

Jul 20, 2022

AI

The multifamily property located at 303 Vine St in Philadelphia has been sold. The transaction was facilitated by brokers Alan Krawitz, Ken Wellar, Corey Lonberger, and Mark Duszak from Rittenhouse Realty Advisors. The sale price for the property was $13,000,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $13,000,000
  • Address: 303 Vine St
  • Market: Philadelphia

The property consists of 51 units, with an average price per unit (PPU) of $254,902. The total square footage of the property is 63,000, with a price per square foot (PPSF) of $206.

Alan Krawitz, Ken Wellar, Corey Lonberger, and Mark Duszak from Rittenhouse Realty Advisors were the brokers involved in the transaction. They represented the buyer and/or seller in the deal.

Players

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

Denver 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93