Goldcrest Properties Acquires Multifamily Property In Marietta, PA For $39M
421 West Market Street, Marietta, Pennsylvania 17547, United States
$39,000,000
$39,795/SF
Building Size
980 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
AI
A multifamily property located at 421 W Market Street in Marietta, PA has been sold for a total price of $39,000,000. The property consists of 172 units, resulting in a price per unit of $226,744.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Units: 172
- Price per Unit: $226,744
The buyer of this property is Hillel Hertz, representing Goldcrest Properties. The seller is Jeff Inch, from Inch & Co. The transaction was facilitated by brokers Aaron Jungreis and Michelle Jungreis, who work for Rosewood Realty Group.
Players
Marietta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93