Joseph Jemal Acquires Atlanta Multifamily From Trantor Realty For $55M
SOLD
$55,000,000
Georgia
See Similar DealsMultiFamily1,050 SF
Sold 10/15/2021
SOLD
Joseph Jemal Acquires Atlanta Multifamily From Trantor Realty For $55M
100 Sandlewood Drive, Morrow, GA, USA
See Similar DealsMultiFamily1,050 SF
Sold 10/15/2021
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$52,381
Total Square Footage:1,050 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,403.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$260,728.06
Annual Debt Service$3,128,736.72
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