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3800 Nicholasville Road, Le...

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

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

3800 Nicholasville Road, Lexington, Kentucky 40503, United States

$74,750,000

Building Size

Asset Type

MultiFamily

Closing

May 31, 2022

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.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

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