Updated Apr 9, 2025
DRA Advisors Acquires Multifamily Asset From GFI Capital Group For $79M In Canton
4900 Denton Road
$79,000,000
$83/SF
Building Size
948,680 SF
Asset Type
MultiFamily
Closing
Apr 17, 2019
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 4900 Denton Road in the Canton market. The sale was completed at a price of $79,000,000.00 with a total square footage of 948,680.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $79,000,000.00
- Address: 4900 Denton Road
- Market: Canton
- Square Footage: 948,680.0
- Buyer: DRA Advisors
- Seller: GFI Capital Group/Allen Gross
- Brokers: Zach Fuchs, Shlomo Antebi (Atlas Realty Group), Yosef Katz (Atlas Realty Group)
This transaction involved several key individuals and companies. DRA Advisors acted as the buyer, while GFI Capital Group, represented by Allen Gross, served as the seller. The brokers facilitating the deal were Zach Fuchs, Shlomo Antebi, and Yosef Katz, all contributing to the successful completion of this transaction.
On the Map
$79,000,000
$83/SF
MultiFamily
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Players
Canton 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93