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

Property Image
SOLD
$2,325,000
Daniel Yadgaroff
Akiva Drew
+ 1

Pennsylvania

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MultiFamily18,314 SF
Sold 03/28/2025
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Property Image
SOLD

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

4900 Comly Street

See Similar Deals
MultiFamily18,314 SF
Sold 03/28/2025
Daniel Yadgaroff
Akiva Drew
+ 1
Contact now

Summary

PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$127
Total Square Footage:18,314 SF
Transaction Type:Sale

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
7 deals$56.3M volume
BROKER

Daniel Yadgaroff
Global Real Estate Advisors (GREA)
6 deals$30.9M volume(215) 870-1293
BROKER

Akiva Drew
Drew Capital
8 deals$185.9M volume(908) 783-4553
BROKER

Alex Mermelstein
5 deals$26.6M volume
BUYER

Akiva Drew
8 deals$185.9M volume
LENDER

Details

SOLD
IMAGE: Luke DeLuca, Daniel Yadgaroff & Akiva Drew DATE: 03/28/2025 ADDRESS: 4900 Comly Street & 6100 Bingham Street MARKET: Philadelphia ASSET TYPE: Multifamily BUYER: Alex Mermelstein - Marble Residential SELLER: Daniel Waisbord - WB Investments SELLER'S REP: Daniel Yadgaroff (@DanielYad) & Luke DeLuca - Global Real Estate Advisors (GREA) (@GREA_Mid_Atlantic) FINANCING: Akiva Drew - Drew Capital SALE PRICE: $2,325,000 UNITS: 19 ~ PPU: $122,368 SF: 18,314 ~ PPSF: $126

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$124,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23