Park Place Off Broadway LLC Acquires Krystal Kourt Apartments In Crystal Ohio For $2.97M
5930 West Broadway Avenue
$2,970,000
$100/SF
Building Size
29,700 SF
Asset Type
MultiFamily
Closing
Mar 11, 2026
AI
The property involved in this transaction is a multifamily asset located at 5930 West Broadway Avenue in Crystal, Ohio. The sale price is $2,970,000 for a total of 36 units. The property spans 29,700 square feet and covers an area of 2.43 acres, resulting in a price per unit of $82,500 and a price per square foot of $100.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,970,000
- Address: 5930 West Broadway Avenue
- Market: Crystal, OH
- Acres: 2.43
- Units: 36
- Price Per Unit: $82,500
- Square Feet: 29,700
- Price Per Square Foot: $100
- Buyer: Park Place Off Broadway, LLC
- Seller: Krystal Kourt, LLC
- Brokers: Abe Roberts & Michael Jacobs - Marcus & Millichap
Abe Roberts and Michael Jacobs from Marcus & Millichap represented the seller, Krystal Kourt, LLC, and facilitated the transaction for the buyer, Park Place Off Broadway, LLC. This negotiation led to the successful closing of the sale on March 11, 2026.
Players
Minneapolis 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
5.34%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93