Clayton F. Jackson & Jane F. Jackson Acquire Condo On Peachtree Street Northeast In Atlanta For $3.7M
1301 Peachtree Street Northeast Atlanta, GA 30309, USA
$3,700,000
$770/SF
Building Size
4,800 SF
Asset Type
Condo
Closing
Aug 17, 2023
About this deal
AI
Jeff Vinik and Penny Vinik, owners of professional sports teams including the Tampa Bay Lightning and minority ownership in the Boston Red Sox, have sold their One Museum Place condominium in Midtown Atlanta for approximately $3.7 million. The condo is located at 1301 Peachtree Street Northeast and spans 4,800 square feet. The sale price per square foot was $771.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,700,000
- Address: 1301 Peachtree Street Northeast
- Market: Atlanta, GA
The buyers, Clayton F. Jackson and Jane F. Jackson, acquired the property from Jeff Vinik and Penny Vinik. Representing the buyer was Jason Cook from Christie's International Real Estate, while the seller was represented by Andy Philhower from Harry Norman Realtors.
Players
Atlanta Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93