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BRT Apartments Corp Acquires 150-Unit Multifamily Complex In Savannah For $23 Million

Property Image
SOLD
$23,000,000

Georgia

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MultiFamily
Sold 10/13/2025
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Property Image
SOLD

BRT Apartments Corp Acquires 150-Unit Multifamily Complex In Savannah For $23 Million

2200 East Victory Drive

See Similar Deals
MultiFamily
Sold 10/13/2025
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

JG
Jeffrey A. Gould
5 deals$192.3M volume
BUYER
BC
BRT Apartments Corp
BUYER

Details

SOLD
IMAGE: 10/13/2025 ADDRESS: 2200 East Victory Drive MARKET: Savannah, GA ASSET TYPE: Multifamily BUYER: Jeffrey A. Gould - BRT Apartments Corp SALE PRICE: $23,000,000 UNITS: 150 ~ PPU: $153,333 NOTE: BRT Apartments Corp. acquired Oaks at Victory, a 150-unit garden-style complex in Savannah, Georgia, for $23 million through an 80%-owned joint venture, marking its first deal in the city. The REIT financed the purchase with a $15.7 million assumed mortgage and an $8 million credit facility draw as part of its strategy to expand in the Southeast.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,226,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81