facebook
Traded Co logo
Submit
Daily limit: 0/10

Friedman Real Estate Brokers $16.9 Million Sale Of Multifamily South Glen Apartments In Brownstown MI

Property Image
SOLD
$16,900,000

Michigan

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Friedman Real Estate Brokers $16.9 Million Sale Of Multifamily South Glen Apartments In Brownstown MI

19400 South Glen Boulevard

See Similar Deals
MultiFamily
Sold
Contact now

Summary

MICHIGAN
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is the South Glen Apartments, a multifamily asset located at 19400 South Glen Boulevard in Brownstown Township, MI. The sale was finalized at a transaction price of $16,900,000 for 159 units, which equates to a price per unit of $106,289.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,900,000
  • Address: 19400 South Glen Boulevard
  • Market: Brownstown Township, MI
  • Units: 159
  • Price Per Unit: $106,289

Friedman Real Estate facilitated the transaction, with brokers Peter Jankowski and Rich Deptula representing the buyer and seller, both of whom remain undisclosed in this transaction.

Players

Peter Jankowski
7 deals$88.7M volume
BROKER

Rich Deptula
Friedman Real Estate
4 deals$71.2M volume(248) 324-2000
BROKER

Details

SOLD
IMAGE: 03/31/2025 ADDRESS: 19400 South Glen Boulevard MARKET: Brownstown Township, MI ASSET TYPE: Multifamily BROKERS: Peter Jankowski & Rich Deptula - Friedman Real Estate SALE PRICE: $16,900,000 UNITS: 159 ~ PPU: $106,289 NOTE: Friedman Real Estate brokered the $16.9 million sale of the 159-unit South Glen Apartments in Brownstown, MI, at 19400 S. Glen Blvd. Peter Jankowski and Rich Deptula of Friedman represented the undisclosed buyer and seller.

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)

$901,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,042.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,114.62
Annual Debt Service$961,375.46