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
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