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Jeffrey A. Gould Of BRT Apartments Corp Acquires 150-Unit Complex In Savannah For $23M

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SOLD
$23,000,000

Georgia

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MultiFamily
Sold 10/06/2025
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SOLD

Jeffrey A. Gould Of BRT Apartments Corp Acquires 150-Unit Complex In Savannah For $23M

2200 East Victory Drive

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MultiFamily
Sold 10/06/2025
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a 150-unit apartment complex known as Oaks at Victory, located at 2200 East Victory Drive in Savannah, GA. The transaction was finalized on October 6, 2025, with a sale price of $23 million, which included a mortgage of $15.7 million. The price per unit (PPU) is calculated at approximately $153,333.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $23,000,000
  • Units: 150
  • Buyer: Jeffrey A. Gould - BRT Apartments Corp
  • Market: Savannah, GA

BRT Apartments Corp's acquisition of Oaks at Victory marks its initial entry into the Savannah market, indicating a strategic move to expand its presence in the Southeastern region. This purchase follows their previous acquisition of a property in Auburn, AL, as part of a broader effort to enhance AFFO and NAV per share.

Players

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

Details

SOLD
IMAGE: 10/06/2025 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 apartment complex in Savannah, GA, for $23 million (including a $15.7 million mortgage), marking its first purchase in the Savannah market. The deal aligns with BRT’s strategy to expand in the Southeast, following its earlier acquisition of 1322 North in Auburn, AL, as it continues to grow AFFO and NAV per share. # JeffreyAGould

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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