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93 Stonecreek Court

Stonecreek Court Apartments In Ephrata Sells For $11.7M With Kislak Brokers
SOLDMultiFamily

Stonecreek Court Apartments In Ephrata Sells For $11.7M With Kislak Brokers

93 Stonecreek Court

$11,700,000

Building Size

Asset Type

MultiFamily

Closing

May 1, 2024

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.

Players

Matthew Wolf

Kislak

Broker

$109.1M

vol

8 deals

Broker

Ephrata 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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93