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8122 Angelo Place, Philadel...

Rittenhouse Realty Advisors Facilitates $7.94M Multifamily Sale In Philadelphia, PA
SOLDMultiFamily

Rittenhouse Realty Advisors Facilitates $7.94M Multifamily Sale In Philadelphia, PA

8122 Angelo Place, Philadelphia, Pennsylvania 19153, United States

$7,941,600

Building Size

Asset Type

MultiFamily

Closing

Oct 16, 2022

AI

A multifamily property located at 8122 Angelo Pl in Philadelphia, PA has been sold for a total price of $7,941,600. The property consists of 52 units with an average price per unit of $152,723.

Summary of transaction details:

The deal was facilitated by Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz of Rittenhouse Realty Advisors.

Players

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

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

2.00%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93