Russell Nova, Charles Taylor & Igor Zakh Acquire 92-Unit Multifamily Property In Atlanta For $9.9M

The multifamily property located at 350 Valley Hill Rd. in Atlanta, GA was recently sold in a closed transaction. The property consists of 92 units with a total square footage of 96,800. The sale price for the property was $9,884,000, resulting in a price per unit of $107,434 and a price per square foot of $102.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,884,000
• Number of Units: 92
• Price per Unit: $107,434
• Square Footage: 96,800
• Price per Square Foot: $102
• Buyer: Russell Nova, Charles Taylor & Igor Zakh - Cornerstone Capital Of NY
• Seller: Robert B. Lawrence

The buyer of the property, Russell Nova, Charles Taylor, and Igor Zakh, represented by Cornerstone Capital Of NY, along with its partners MTN Investment Group, purchased this multifamily property in the Atlanta MSA. The buyer plans to implement a CapEx plan to increase rents by approximately $400+. Stone Street Multifamily Group, an active real estate investment firm, focuses on purchasing value-add and cash flowing properties in Georgia and Florida. Stone Street and MTN Investment Group are vertically integrated, handling asset management, operations, property management, and financing in-house.

Stone Street Multifamily Group, represented by Russell Nova and Charles Taylor, can be contacted at 917-559-1820 and 404-918-3785, respectively. Igor Zakh, the COO of The Cornerstone Group of NY, handled the debt financing for the transaction and can be reached at 917-567-1646. The financing was arranged by Cornerstone Capital of NY, with terms conducive to the buyer's business model.