Updated Sep 5, 2024
Rosewood Realty Group Brokers Sell $55M Multifamily Property In Northern Indiana
North Indianapolis, Indianapolis, IN, USA
$55,000,000
Units
432
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
The multifamily property located in Northern Indiana has been sold in a transaction that closed on October 29, 2021. The sale price for this property was $55,000,000. The property consists of 432 units, with an average price per unit of $127,314.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Market: Northern Indiana
- Units: 432
- Price per Unit (PPU): $127,314
The seller of the property was Scott Canel. The deal was brokered by Michael Schattner and Jonathan Brody from Rosewood Realty Group.
Players
Indianapolis 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93