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4900 Comly Street

Alex Mermelstein Of Marble Residential Acquires Multifamily Property In Philadelphia For $2.325M
SOLDMultiFamily

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

Luke DeLuca

Global Real Estate Advisors (GREA)

Broker

$56.3M

vol

7 deals

Broker
Akiva Drew
Verified Badge

Akiva Drew

Drew Capital

Broker

$213.6M

vol

10 deals

Broker
Alex Mermelstein

Alex Mermelstein

Buyer

$26.6M

vol

5 deals

Buyer
Akiva Drew

Akiva Drew

Lender

$213.6M

vol

10 deals

Lender

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