Multifamily And Development Site Sold In Philadelphia For $5.7 Million With Brokers Daniel Yadgaroff Kenneth Wellar And Alan Krawitz
SOLD
$5,700,000
Pennsylvania
See Similar DealsMultiFamily2,170 SF
Sold 10/30/2025
SOLD
Multifamily And Development Site Sold In Philadelphia For $5.7 Million With Brokers Daniel Yadgaroff Kenneth Wellar And Alan Krawitz
721 North 16th Street
See Similar DealsMultiFamily2,170 SF
Sold 10/30/2025
Summary
PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$2,626
Total Square Footage:2,170 SF
Transaction Type:Sale
The transaction involved a multifamily and development site located at 713, 715, 717, 718, 721-23, 725-27 N 16th St, 1502, 1504 Swain St & 1620 Brown St in the Philadelphia market. The sale price was $5,700,000, which translates to approximately $158,333 per unit, with a total of 36 units across 21,750 square feet, resulting in a price per square foot of $262.
Summary of transaction details:
- Property Type: Multifamily & Development Site
- Transaction Amount: $5,700,000
- Units: 36
- Price per Unit: $158,333
- Square Footage: 21,750
- Price per Square Foot: $262
The brokers representing this transaction were Daniel Yadgaroff, Kenneth Wellar, and Alan Krawitz, all from Global Real Estate Advisors (GREA), providing their expertise in facilitating this deal.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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