Updated Dec 21, 2023
Menashe Grunfeld & Akiva Kranz Acquire 88-Unit Multifamily Property In Little Rock, AR
1001 Breckenridge Drive, Little Rock, Arkansas 72205, United States
Building Size
12,880 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
An 88-unit multifamily property located at 1001 Breckenridge Drive in Little Rock, AR has been sold. The property was sold on 05/17/2022 by Rick Starks to buyers Menashe Grunfeld and Akiva Kranz. The transaction was facilitated by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 05/17/2022
- Address: 1001 Breckenridge Drive, Little Rock, AR
- Market: Little Rock, AR
- Buyer: Menashe Grunfeld & Akiva Kranz
- Seller: Rick Starks
- Brokers: Aaron Jungreis & David Wildes - Rosewood Realty Group
The property at 1001 Breckenridge Drive was successfully transacted, with Menashe Grunfeld and Akiva Kranz as the buyers, and Rick Starks as the seller. The deal was facilitated by brokers Aaron Jungreis and David Wildes, representing Rosewood Realty Group.
Players
Little Rock 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93