Jay J. Patel Of EXP Realty Represents Buyer In Northlake Multifamily Sale For $4.75M

The property involved in this transaction is a multifamily asset located in Northlake, which consists of 47 units. The sale price was $4,750,000, resulting in a price per unit of $101,063. The building has a total square footage of 32,950, translating to a price per square foot of $144.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,750,000
• Units: 47
• Price per Unit: $101,063
• Square Footage: 32,950
• Price per Square Foot: $144
• Buyer's Representative: Jay J. Patel - EXP Realty
• Seller's Representative: Ryan Engle - Marcus & Millichap
• Date of Transaction: 02/11/2025
• Market: Northlake

The transaction was represented by Jay J. Patel from EXP Realty on the buy side and Ryan Engle from Marcus & Millichap on the sell side, highlighting the involvement of these broker representatives in facilitating the deal.