Updated Dec 4, 2024
Berkadia Closes $7.5M Sale Of Lynn Town Apartments In St. Louis, MO
9675 Muriel Avenue
$7,500,000
Units
144
Asset Type
MultiFamily
Closing
Oct 18, 2023
About this deal
AI
A 144-unit garden-style multifamily property, Lynn Town Apartments, located at 9675 Muriel Avenue in St. Louis, Missouri, has been sold for $7.5 million. The property was sold by the seller represented by Managing Directors Andrea Kendrick and Ken Aston, along with Senior Director Bobby Mills from Berkadia. This successful transaction has brought in a purchase price of approximately $52,083 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Units: 144
- Price per Unit (PPU): $52,083
- Address: 9675 Muriel Avenue, St. Louis, MO
- Market: St. Louis, MO
The sale of Lynn Town Apartments was led by Berkadia's Managing Directors Andrea Kendrick and Ken Aston, along with Senior Director Bobby Mills. These individuals represented the seller in this successful transaction.
Players
Saint Louis 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93