Updated May 12, 2025
Zavala Capital Group Acquires Multifamily Property In Athens, GA For $9.35M
235 Sycamore Drive
$9,350,000
$101/SF
Building Size
92,084 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 235 Sycamore Drive in Athens, GA. The property was sold for $9,350,000, encompassing a total area of 92,084 square feet, which translates to a price per square foot of $101.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,350,000
- Address: 235 Sycamore Drive
- Market: Athens, GA
- Square Footage: 92,084
- Price Per Square Foot: $101
- Buyer: Zavala Capital Group
- Seller: Prosperity Capital Partners
- Brokers: Jonathan Brody, Michael Schattner & Chaim Ciment - Base Realty Group
The transaction was facilitated by brokers Jonathan Brody, Michael Schattner, and Chaim Ciment, who represented the parties involved in the deal through Base Realty Group, ensuring the successful exchange between the buyer and seller.
On the Map
$9,350,000
$101/SF
MultiFamily
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Property Record
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Players
Athens 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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93