Black Swan Real Estate Acquires Multifamily Asset From Dominium For $40.4 Million In Rochester MN

The multifamily property located at 937 41st Street Northwest in Rochester, MN has been sold for $40,400,000. This asset comprises 288 units and has a total square footage of 288,571, equating to a price per unit of $140,277 and a price per square foot of $140.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,400,000
• Units: 288
• Square Footage: 288,571
• Price per Unit: $140,277
• Price per Square Foot: $140
• Buyer: Black Swan Real Estate
• Seller: Dominium
• Brokers: Josh Talberg, Joseph Peris & Jack Graveline - JLL

The transaction involved key players in the real estate sector, with Black Swan Real Estate as the buyer and Dominium as the seller. The brokerage team from JLL, consisting of Josh Talberg, Joseph Peris, and Jack Graveline, facilitated the deal and represented the parties involved.