The Eiders Co Purchases U@19th Multifamily Property In Phoenix From BrightSpire Capital For $36M

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.