Updated Feb 16, 2024
Rosewood Realty Group Brokers Aaron Jungreis & David Wildes Sell Multifamily Property In New Albany, IN For $22.2M
4719 Grant Line Road, New Albany, Indiana 47150, United States
$22,200,000
$158/SF
Building Size
140,544 SF
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
The multifamily property located at 4719 Grant Line Road in New Albany, IN has been sold for a total of $22,200,000. The transaction took place on January 20, 2022. The property consists of 144 units, with a per unit price of $154,166.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,200,000
- Units: 144
- Price Per Unit: $154,166
- Market: New Albany, IN
The sale was facilitated by Aaron Jungreis and David Wildes, representatives from Rosewood Realty Group.
The multifamily sale at 4719 Grant Line Road, New Albany, Indiana 47150, United States in New Albany, Indiana sold for $22.2M in 2022. Reported inventory is 140,544 square feet across 144 units, or about 158 per square foot. David Wildes, Aaron Jungreis, Rosewood Realty Group appear on the sale alongside Rosewood Realty Group. This page is the New Albany, Indiana file for the 4719 Grant Line Road, New Albany, Indiana 47150, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New Albany sit in the Market section below. Filter that New Albany multifamily set by closing date to see what else sold near 4719 Grant Line Road, New Albany, Indiana 47150, United States around 2022. Published consideration for 4719 Grant Line Road, New Albany, Indiana 47150, United States is $22.2M, dated 2022. Cite this Rosewood Realty Group Brokers Aaron Jungreis & David Wildes Sell Multifamily Property In New Albany, IN For $22.2M sale when underwriting similar multifamily product around New Albany, Indiana.
Players
New Albany 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93