Albany Realty Group LLC Purchases Multifamily Property At 2133 Vandevere Road For $7.15M
2133 Vandevere Road
$7,150,000
$63/SF
Building Size
111,900 SF
Asset Type
MultiFamily
Closing
Dec 23, 2020
AI
The property asset involved in the transaction is a MultiFamily asset located at 2133 Vandevere Road in Augusta. The transaction price for this asset was $7,150,000.00, encompassing a total area of 111,900 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,150,000.00
- Address: 2133 Vandevere Road
- Market: Augusta
- Square Footage: 111,900.0
- Buyer: Albany Realty Group, LLC
- Broker 1: Ohad Babo - Kassin Sabbagh Realty
- Broker 2: Eli Maryl - GFI Realty Services
The transaction was facilitated by the brokers Ohad Babo representing Kassin Sabbagh Realty and Eli Maryl representing GFI Realty Services. Albany Realty Group, LLC was the buyer in this transaction.
Players
Augusta 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93