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421 W Market St, Marietta, ...

Goldcrest Properties Acquires Marietta Multifamily For $39M With Michelle Jungreis & Aaron Jungreis As Brokers
SOLDMultiFamily

Goldcrest Properties Acquires Marietta Multifamily For $39M With Michelle Jungreis & Aaron Jungreis As Brokers

421 W Market St, Marietta, PA, USA

$39,000,000

$222/SF

Building Size

175,000 SF

Asset Type

MultiFamily

Closing

Dec 8, 2020

AI

Located at 421 W. Market St. in Marietta, PA, a multifamily property has been sold in a recent transaction. The property spans a total area of 175,000 square feet and consists of 172 units. The sale price for this transaction was $39,000,000, resulting in a price per square foot of $223 and a price per unit of $226,744. The buyer for this property is Goldcrest Properties, represented by Hillel Hertz. The seller, Inch & Co., was represented by Jeff Inch. The brokers involved in this deal were Michelle Jungreis and Aaron Jungreis, both from Rosewood Realty Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $39,000,000
  • Address: 421 W. Market St., Marietta, PA
  • Market: Marietta, PA
  • Buyer: Goldcrest Properties - Hillel Hertz
  • Seller: Inch & Co. - Jeff Inch
  • Brokers: Michelle Jungreis & Aaron Jungreis - Rosewood Realty Group
  • Square Footage: 175,000
  • Price per Square Foot: $223
  • Number of Units: 172
  • Price per Unit: $226,744

The successful transaction was facilitated by Goldcrest Properties, led by Hillel Hertz, who acquired the multifamily property at 421 W. Market St. in Marietta, PA. On the other side of the deal, Inch & Co., represented by Jeff Inch, acted as the seller. The negotiation and coordination of this transaction were handled by Michelle Jungreis and Aaron Jungreis from Rosewood Realty Group. This sale marks a significant milestone in this bustling market.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Hillel Hertz

Hillel Hertz

Goldcrest Properties

Buyer

$218.9M

vol

6 deals

Buyer

Jeff Inch

Inch & Co

Seller

$78M

vol

2 deals

Seller

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