Updated Oct 29, 2024
Feymann Real Estate Holdings Acquires Fairway Park Manor Multifamily Property In Reno For $16.55M
1224 Berrum Lane Reno, Nevada 89509, Usa
$16,550,000
$180/SF
Building Size
91,556 SF
Asset Type
MultiFamily
Closing
Jun 16, 2023
About this deal
AI
Fairway Park Manor, a 100-unit multifamily property in Reno, Nevada, has been sold to Feymann Real Estate Holdings, LLC for $16.55 million. The property is situated on a 4.2-acre lot and has a total square footage of 91,556. It is located in a preferred southwest corridor, providing convenient access to amenities and schools.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $16,550,000
- Address: 1224 Berrum Lane, Reno, Nevada
- Market: Reno, Nevada
- Acres: 4.2
The buyer in this transaction was Feymann Real Estate Holdings, LLC, while the seller was Fairway Park Manor, LLC. The deal was facilitated by Ben Nelson from Kidder Mathews.
Players
Coatesville 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93