Updated Oct 28, 2024
Loboda Properties Acquires Multifamily Property In Harrison Twp For $22.2M
25879 Ashby Drive, Harrison Township, Michigan 48045, United States
$22,200,000
$212/SF
Building Size
104,268 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
The multifamily property located at 25879 Ashby Dr in Harrison Twp, MI has been sold for a total price of $22,200,000. The transaction took place on April 14, 2022. The property consists of 75 units, with each unit valued at approximately $296,000. The total square footage of the property is 104,268, resulting in a price per square foot of $213. Kutumbarao Raavi was the seller of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,200,000
- Address: 25879 Ashby Dr, Harrison Twp, MI
- Market: Harrison Twp, MI
- Units: 75
- Price per Unit: $296,000
- Total Square Footage: 104,268
- Price per Square Foot: $213
The buyer of the property is Loboda Properties, represented by Michael Loboda and Yaakov Loboda. The brokerage firm involved in the transaction is Marcus & Millichap, with Gordon A. Navarre as the broker.
On the Map
$22,200,000
$212/SF
MultiFamily
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Harrison Township 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93