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CLK Properties Acquires Multifamily Asset In Jonesboro AR For $13.57 Million

Property Image
SOLD
$13,566,000
Michael Schattner
Jonathan Brody

Arkansas

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MultiFamily126,720 SF
Sold 04/29/2025
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Property Image
SOLD

CLK Properties Acquires Multifamily Asset In Jonesboro AR For $13.57 Million

MultiFamily126,720 SF
Sold 04/29/2025
Michael Schattner
Jonathan Brody
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$107
Total Square Footage:126,720 SF
Transaction Type:Sale

The transaction involved a MultiFamily asset located in Jonesboro, AR. CLK Properties acquired the property for $13,566,000. The asset includes 130 units, with a total square footage of 126,720, resulting in a price per unit of $104,353 and a price per square foot of $107.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $13,566,000
  • Buyer: CLK Properties
  • Broker Representatives: Jonathan Brody & Michael Schattner - Base Realty Group
  • Units: 130
  • Square Footage: 126,720
  • Price Per Unit: $104,353
  • Price Per Square Foot: $107

Broker representatives Jonathan Brody and Michael Schattner from Base Realty Group facilitated the transaction on behalf of the buyer, CLK Properties, marking a significant deal in the Jonesboro real estate market.

Players

Jonathan Brody
Base Realty Group
Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER
Michael Schattner
Base Realty Group
Michael Schattner
24 deals$677.6M volume(917) 805-8730
BROKER
CP
CLK Properties
BUYER

Details

SOLD
IMAGE: Jonathan Brody & Michael Schattner DATE: 4/30/2025 MARKET: Jonesboro, AR ASSET TYPE: MultiFamily BUYER: CLK Properties BROKERS: Jonathan Brody (@JonathanJBrody) & Michael Schattner (@Michael_SchattnerNYC) - Base Realty Group SALE PRICE: $13,566,000 UNITS: 130 ~ PPU: $104,353 SF: 126,720 ~ PPSF: $107

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$723,520.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,197.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,309.76
Annual Debt Service$771,717.13