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