Updated Sep 29, 2026
Loboda Properties Acquires Midland Multifamily At 1500 Wood Pointe Lane For $22.6M
1500 Wood Pointe Lane
$22,600,000
$133/SF
Building Size
169,920 SF
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The transaction involved a multifamily asset located at 1500 Wood Pointe Lane in the Midland/Detroit market. The property consists of 154 units with a total square footage of 169,920. The sale price was recorded at $22,600,000, resulting in a price per unit of $146,753 and a price per square foot of $133.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $22,600,000
- Units: 154
- Square Footage: 169,920
- Price Per Unit: $146,753
- Price Per Square Foot: $133
- Buyer: Loboda Properties - Yaakov & Michael Loboda
- Broker: Kevin Dillon - Berkadia
In this transaction, Yaakov and Michael Loboda represented Loboda Properties as the buyers. Kevin Dillon from Berkadia acted as the broker facilitating the sale, providing support throughout the transaction process.
On the Map
$22,600,000
$133/SF
MultiFamily
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Midland 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93