MultiFamily Asset At 6610 Germantown Avenue Sold For $8.415M In Philadelphia
SOLD
$8,415,000
Pennsylvania
See Similar DealsMultiFamily51,835 SF
Sold 01/12/2026
SOLD
MultiFamily Asset At 6610 Germantown Avenue Sold For $8.415M In Philadelphia
6610 Germantown Avenue
See Similar DealsMultiFamily51,835 SF
Sold 01/12/2026
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:51,835 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily asset located at 6610 Germantown Avenue, Philadelphia, PA. The sale price for the property was $8,415,000, comprising 38 units with a price per unit of $221,447. The total square footage of the property is 51,835, yielding a price per square foot of $162.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,415,000
- Units: 38
- Price Per Unit: $221,447
- Square Footage: 51,835
- Price Per Square Foot: $162
- Date of Transaction: 1/12/2026
- Broker Representatives: Ryan McManus & Brandon Ribeiro - Agent PHL
The key individuals involved in this transaction are Ryan McManus and Brandon Ribeiro, representing the transaction through Agent PHL. Their role was pivotal in facilitating this deal in the Philadelphia market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,896.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,891.39
Annual Debt Service$478,696.72
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