Updated Oct 28, 2024
Lee Goldstein Acquires 384-Unit Multifamily Property In Lexington, KY For $74.75M
3800 Nicholasville Road, Lexington, Kentucky 40503, United States
$74,750,000
Units
384
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
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.
On the Map
$74,750,000
MultiFamily
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Players
Lexington 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93