Updated Sep 28, 2026
Highgates Group Sells High Park Apartments Multifamily Community In New Albany For $9.5M
100 High Park Drive
$9,500,000
Units
96
Asset Type
MultiFamily
Closing
Sep 25, 2026
About this deal
AI
A multifamily property located at 100 High Park Drive in New Albany, Indiana, has been sold. The asset comprises 96 units and was sold for $9,500,000, resulting in a price per unit of $98,958. The property previously underwent capital improvements amounting to approximately $500,000 during its ownership.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Units: 96
- Seller: Highgates Group
Highgates Group acquired the property for $6,700,000 in 2019 before executing the recent sale. The improvements made to the property during their ownership likely contributed to the overall value recognized in the transaction.
On the Map
$9,500,000
MultiFamily
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Dighton MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93