Updated Oct 28, 2024
Stoneweg US LLC Acquires Multifamily Property In Covington, KY For $62M
437 West 6th Street, Covington, Kentucky 41011, United States
$62,000,000
Units
178
Asset Type
MultiFamily
Closing
Oct 18, 2022
About this deal
AI
The multifamily property located at 437 West 6th St in Covington, KY has been sold for a price of $62,000,000. This property, consisting of 178 units, was sold at a price per unit of $348,315. The transaction took place on October 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,000,000
- Units: 178
- Price Per Unit: $348,315
The buyer of this property was Stoneweg US LLC, while the seller was Realty Link of Greenville, S.C.
The multifamily sale at 437 West 6th Street, Covington, Kentucky 41011, United States in Covington, Kentucky sold for $62M in 2022. Reported inventory is 178 units across 178 units. This page is the Covington, Kentucky file for the 437 West 6th Street, Covington, Kentucky 41011, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Covington sit in the Market section below. Filter that Covington multifamily set by closing date to see what else sold near 437 West 6th Street, Covington, Kentucky 41011, United States around 2022. Published consideration for 437 West 6th Street, Covington, Kentucky 41011, United States is $62M, dated 2022. Cite this Stoneweg US LLC Acquires Multifamily Property In Covington, KY For $62M sale when underwriting similar multifamily product around Covington, Kentucky.
Players
Covington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Kentucky multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93