Stuho Acquires University Park Multifamily From Irvin Kanthak Trust For $46M With Brokers Ernie Carswell & Sean Rosenzweig

The multifamily property located in University Park has been sold. The transaction took place on November 6, 2019. The property, consisting of 193 units, was sold for a total price of $46,000,000, resulting in an average price per unit of $238,341. The seller in this transaction was the Irvin Kanthak trust, while the buyer was Stuho.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Units: 193
• Price per Unit: $238,341

The deal was facilitated by a team of brokers. Ernie Carswell, Rick Tyberg, and Sam Shakerchi from Douglas Elliman, along with Sean Rosenzweig, Tony Azzi, Rabbie Banifsheha, and Rob Bellamy from Marcus & Millichap, represented the seller and buyer respectively.