Updated Oct 28, 2024
Joseph Jemal Acquires Atlanta Multifamily From Trantor Realty For $55M
100 Sandlewood Drive, Morrow, GA, USA
$55,000,000
$52,381/SF
Building Size
1,050 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
The multifamily property located at 100 Sandlewood Dr. & 6256 Hillandale Dr. in Atlanta, GA has been sold for $55,000,000. The transaction took place on October 15, 2021. The property consists of 402 units, with a price per unit of $136,815. Trantor Realty was the seller, while Joseph Jemal acted as the buyer. The deal was facilitated by Jonathan Brody of Rosewood Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Address: 100 Sandlewood Dr. & 6256 Hillandale Dr., Atlanta, GA
- Market: Atlanta, GA
- Units: 402
- Price per Unit: $136,815
Jonathan Brody of Rosewood Realty Group played a crucial role in facilitating the transaction between Trantor Realty and Joseph Jemal. With this deal, Joseph Jemal becomes the new owner of the multifamily property in Atlanta, GA.
Players
Morrow 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93