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North 97th Street

Eastham Capital Acquires 258-Unit Multifamily Complex In Omaha For $19.1M
SOLDMultiFamily

Eastham Capital Acquires 258-Unit Multifamily Complex In Omaha For $19.1M

North 97th Street

$19,100,000

Building Size

Asset Type

MultiFamily

Closing

Apr 4, 2025

AI

A 258-unit apartment complex located at 3022 1/2 North 97th Street in Omaha, NE has been sold for $19,100,000. This multifamily property attracts a price per unit of $74,031.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,100,000
  • Units: 258
  • Buyer: Eastham Capital
  • Broker: Northmarq

Eastham Capital has acquired The Colonial through its Fund VI, marking its first transaction in Nebraska and its tenth with Bender Companies, who will manage the property post-sale.

Players

EC
Eastham CapitalBuyer

Omaha 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93