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The Eiders Co Purchases U@19th Multifamily Property In Phoenix From BrightSpire Capital For $36M
SOLD
$36,000,000
+ 1
Arizona
See Similar DealsMultiFamily
Sold 09/17/2025
SOLD
The Eiders Co Purchases U@19th Multifamily Property In Phoenix From BrightSpire Capital For $36M
4802 North 19th Avenue
See Similar DealsMultiFamily
Sold 09/17/2025
+ 1
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 4802 North 19th Avenue in Phoenix, AZ. It features a total of 236 units and was sold for $36,000,000, resulting in a price per unit of $152,542. The property, built in 1973, underwent renovations in 2024, including upgraded exteriors and modernized interiors with quartz countertops and stainless steel appliances.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $36,000,000
- Units: 236
- Price Per Unit: $152,542
- Address: 4802 North 19th Avenue
- Market: Phoenix, AZ
The transaction involved several representatives from NorthMarq, including Jesse Hudson, Trevor Koskovich, Ryan Boyle, and Logan Baca. The sale was arranged from BrightSpire Capital to The Eiders Co.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
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