Monument Capital Management Acquires Multifamily Asset In Brooklyn Park, Minnesota For $19.8M

The multifamily property located at 5840 73rd Avenue North in Brooklyn Park, Minnesota has been sold in a transaction closed on January 27, 2022. This property spans across 7.5 acres and consists of 144 units. The sale price for this transaction was $19,750,000, resulting in a per unit price of $137,153.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,750,000
• Number of Units: 144
• Price per Unit: $137,153
• Address: 5840 73rd Avenue North, Brooklyn Park, Minnesota
• Market: Brooklyn Park, Minnesota
• Buyer: Monument Capital Management - Stuart Zook & Erin Knight
• Seller: North Shore Development Partners
• Broker: Ted Brickel - Colliers

The buyer in this transaction is Monument Capital Management, represented by Stuart Zook & Erin Knight. The seller is North Shore Development Partners. Ted Brickel from Colliers served as the broker in this deal.