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225 Nancy Lane

New England Investment Partners Acquires Multifamily Asset From Stoneweg For $22M In Georgia
SOLDMultiFamily

New England Investment Partners Acquires Multifamily Asset From Stoneweg For $22M In Georgia

225 Nancy Lane

$22,000,000

$149/SF

Building Size

147,148 SF

Asset Type

MultiFamily

Closing

Sep 10, 2024

AI

The asset involved in this transaction is a multifamily property located at 225 Nancy Lane in Georgia. The sale price for this property was $22,000,000, and it encompasses a total area of 147,148 square feet, which translates to a price per square foot of $149.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,000,000
  • Address: 225 Nancy Lane
  • Market: Georgia
  • Square Footage: 147,148
  • Price Per Square Foot: $149
  • Buyer: New England Investment Partners
  • Seller: Stoneweg
  • Broker Representatives: Jonathan Brody, Michael Schattner & Josh Dachs - Base Realty Group

The roles in this transaction included New England Investment Partners as the buyer and Stoneweg as the seller. The deal was facilitated by the brokerage team of Jonathan Brody, Michael Schattner, and Josh Dachs, representing Base Realty Group, highlighting the involvement of experienced professionals in the multifamily real estate sector.

Players

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker

Cumming 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

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93