Updated Oct 14, 2025
BRT Apartments Corp Acquires 150-Unit Multifamily Complex In Savannah For $23 Million
2200 East Victory Drive
$23,000,000
Units
150
Asset Type
MultiFamily
Closing
Oct 13, 2025
About this deal
AI
A 150-unit garden-style multifamily complex located at 2200 East Victory Drive in Savannah, GA, has been sold for $23 million. This property is part of the multifamily asset type, showcasing a per unit price of $153,333.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Buyer: Jeffrey A. Gould
- Buyer's Company: BRT Apartments Corp
- Units: 150
- PPU: $153,333
- Market: Savannah, GA
BRT Apartments Corp. acquired this property through an 80%-owned joint venture, marking its first investment in the Savannah area. The purchase was financed through a $15.7 million assumed mortgage along with an $8 million credit facility draw, aligning with the company’s strategy to expand its portfolio in the Southeast region.
On the Map
$23,000,000
MultiFamily
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Savannah 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93