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5320 Brannon Avenue

Updated Dec 4, 2024

Brannon Mack LLC Acquires Mack Lofts Multifamily In St. Louis For $3.05M
SOLDMultiFamily

Brannon Mack LLC Acquires Mack Lofts Multifamily In St. Louis For $3.05M

5320 Brannon Avenue

$3,050,000

Units

22

Asset Type

MultiFamily

Closing

Sep 27, 2023

About this deal

AI

The Mack Lofts, a 22-unit multifamily property located at 5320 Brannon Avenue in Southampton, St. Louis, MO, has been sold for a price of $3.05 million. The transaction was facilitated by Paul Cunningham of Re/Max and involved the buyer, Brannon Mack LLC, and the seller, Brian Minges of Advantes Realty Group. The sale price equates to approximately $138,636 per unit.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,050,000
  • Address: 5320 Brannon Avenue, St. Louis, MO
  • Market: St. Louis, MO
  • Buyer: Brannon Mack LLC
  • Seller: Brian Minges - Advantes Realty Group
  • Broker: Paul Cunningham - Remax
  • Units: 22
  • Price per Unit: $138,636

The Mack Lofts, a notable multifamily property, was acquired by Brannon Mack LLC through the representation of Paul Cunningham from Re/Max. The transaction, which amounted to $3.05 million, marks a significant investment in the Southampton neighborhood.

Players

Paul Cunningham

Re/Max

Broker

$3.1M

vol

1 deal

Broker

Saint Louis MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $138.6K per unit across 22 units on a published $3.1M (2023).

Visit Re/Max to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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