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Kolter Urban Purchases Development Site Next To Piedmont Park From Toll Brothers For $11M
SOLD
$11,000,000
Georgia
See Similar DealsDevelopment Site
Sold 12/26/2025
SOLD
Kolter Urban Purchases Development Site Next To Piedmont Park From Toll Brothers For $11M
250 14th Street Northeast
See Similar DealsDevelopment Site
Sold 12/26/2025
Summary
GEORGIA
Asset Type:Development Site
Transaction Type:Sale
Kolter Urban acquired a development site located at 250 14th Street Northeast in Atlanta, GA. The site covers an area of 1.35 acres and was sold by Toll Brothers for a total of $11 million. The transaction indicates plans for a future luxury condo project in Midtown Atlanta.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Buyer: Kolter Urban
- Seller: Toll Brothers
- Loan Amount: $12.12 million
- Location: 250 14th Street Northeast, Atlanta, GA
- Site Area: 1.35 acres
Kolter Urban's purchase of the site is strategically positioned next to Piedmont Park, highlighting its appeal for development. Toll Brothers, a significant player in the home building sector, facilitated the sale to expedite their project objectives in the region.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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