Alex Mermelstein Of Marble Residential Acquires Multifamily Property In Philadelphia For $2.325M
4900 Comly Street
$2,325,000
$127/SF
Building Size
18,314 SF
Asset Type
MultiFamily
Closing
Mar 28, 2025
AI
4900 Comly Street & 6100 Bingham Street is a multifamily asset located in the Philadelphia market. The sale price of the property was $2,325,000, which breaks down to $122,368 per unit across 19 units. The total square footage of the property is 18,314, resulting in a price per square foot of $126.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 19
- Price per Unit: $122,368
- Square Footage: 18,314
- Price per Square Foot: $126
- Buyer: Alex Mermelstein - Marble Residential
- Seller: Daniel Waisbord - WB Investments
- Seller's Representatives: Daniel Yadgaroff & Luke DeLuca - Global Real Estate Advisors (GREA)
- Financing: Akiva Drew - Drew Capital
The transaction involved key figures such as Alex Mermelstein, who represented Marble Residential as the buyer, and Daniel Waisbord, the seller, who is associated with WB Investments. The seller was represented in the deal by Daniel Yadgaroff and Luke DeLuca from Global Real Estate Advisors, while financing for the transaction was facilitated by Akiva Drew from Drew Capital.
Players
Philadelphia 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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93