Updated Oct 28, 2024
Pointe Realty Acquires Multifamily Property In Philadelphia For $4.4M
9400 Roosevelt Blvd, Philadelphia, Pennsylvania 19115, United States
$4,375,000
$197/SF
Building Size
22,110 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 9400-30 Roosevelt Boulevard in Philadelphia, PA was recently sold in a transaction handled by Rittenhouse Realty Advisors. The property consists of 33 units, spanning 22,110 square feet. The sale price for this transaction was $4,375,000, resulting in a price per unit of $132,576 and a price per square foot of $198.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,375,000
- Address: 9400-30 Roosevelt Boulevard, Philadelphia, PA
- Market: Philadelphia, PA
Rittenhouse Realty Advisors represented both the buyer, Pointe Realty, and the seller, Liss Property Group, in this transaction. The brokers involved in the deal were Ken Wellar, Mark Duszak, and Austin McDevitt.
Players
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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93