Updated Dec 4, 2024
Stonecreek Court Apartments In Ephrata Sells For $11.7M With Kislak Brokers
93 Stonecreek Court
$11,700,000
Units
60
Asset Type
MultiFamily
Closing
May 1, 2024
About this deal
AI
The Stonecreek Court Apartments, a 60-unit multifamily complex in Ephrata, Pennsylvania, was sold for $11.7 million. Situated on 6.22 acres, this property features luxury units with high-end finishes and amenities. Built in 2008, it is located in a desirable neighborhood within the Ephrata School District, offering convenient access to nearby counties and the PA Turnpike for commuters.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,700,000
- Address: 2-93 Stonecreek Court
- Market: Ephrata, Pennsylvania
- Units: 60
- Price Per Unit: $195,000
- Acres: 6.22
Senior Vice President Matthew Wolf from Kislak managed the sale of the Stonecreek Court Apartments. He successfully secured a buyer from among 12 competitive offers, with the purchaser's identity kept undisclosed.
On the Map
$11,700,000
MultiFamily
View full map
Players
Ephrata MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew (Matt) Wolf to view all their deals.
Browse Ephrata multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93