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5930 West Broadway Avenue

Park Place Off Broadway LLC Acquires Krystal Kourt Apartments In Crystal Ohio For $2.97M
SOLDMultiFamily

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

Abe Roberts

Marcus & Millichap

Broker

$46.5M

vol

12 deals

Broker

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