facebook
Traded Co logo
Submit

Lee Goldstein Acquires 384-Unit Multifamily Property In Lexington, KY For $74.75M

Property Image
SOLD
$74,750,000
Ben Hammer
Ben Hamer
Jay Weiner
+ 1

Kentucky

See Similar Deals
MultiFamily
Sold 06/01/2022
the dealplayerscompscontact
Property Image
SOLD

Lee Goldstein Acquires 384-Unit Multifamily Property In Lexington, KY For $74.75M

3800 Nicholasville Road, Lexington, Kentucky 40503, United States

See Similar Deals
MultiFamily
Sold 06/01/2022
Ben Hammer
Ben Hamer
Jay Weiner
+ 1
the dealplayerscompscontact
Contact now

Summary

KENTUCKY
Asset Type:MultiFamily
Transaction Type:Sale

In a recent transaction in Lexington, KY, a multifamily property located at 3800 Nicholasville Rd. was sold for a staggering price of $74,750,000. The property consists of 384 units, with an average price per unit of $194,661.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $74,750,000
  • Units: 384
  • Price per Unit: $194,661

The buyer of this property was Lee Goldstein, while Maxus Realty acted as the seller. The deal was facilitated by Aaron Jungreis, Jay Weiner, and Ben Hamer from Rosewood Realty Group, who represented both the buyer and the seller.

Players

Aaron Jungreis
Rosewood Realty Group
Aaron Jungreis
204 deals$4.3B volume(212) 359-9900
BROKER
Jay Weiner
Rosewood Realty Group
Jay Weiner
7 deals$611.9M volume
BROKER
Ben Hamer
Rosewood Realty Group
Ben Hamer
1 deal$74.8M volume
BROKER
Ben Hammer
Rosewood Realty Group
Ben Hammer
1 deal$74.8M volume
BROKER

Details

SOLD
IMAGE: Jay Weiner, Aron Jungreis & Ben Hamer DATE: 06/01/2022 ADDRESS: 3800 Nicholasville Rd. MARKET: Lexington, KY ASSET TYPE: Multifamily BUYER: Lee Goldstein SELLER: Maxus Realty BROKERS: Aaron Jungreis (@AaronJungreis), Jay Weiner & Ben Hamer - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $74,750,000 UNITS: 384 ~ PPU: $194,661

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,986,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$265,570.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$354,353.14
Annual Debt Service$4,252,237.63