Updated Mar 11, 2025
Bridge Investment Group Acquires 344-Unit Multifamily In Las Vegas For $73.25M
5250 East Stewart Avenue
$73,250,000
Units
344
Asset Type
MultiFamily
Closing
Oct 7, 2022
About this deal
AI
Bridge Investment Group has acquired a multifamily asset in Las Vegas for a total price of $73,250,000. The property, located at 5250 Stewart Avenue, consists of 344 units with an average price per unit of $212,936. The sale was finalized on October 7, 2022, and the transaction was facilitated by Institutional Property Advisors, a division of Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,250,000
- Address: 5250 Stewart Avenue
- Market: Las Vegas
- Buyer: Bridge Investment Group - Robert Morse & Jonathan Slager
- Seller: Robert Ctvrtlik
- Brokers: Institutional Property Advisors - Marcus & Millichap
- Units: 344
- Price per Unit: $212,936
The acquisition of this multifamily asset marks a significant investment for Bridge Investment Group. The buyer was represented by Robert Morse and Jonathan Slager in the deal, while Robert Ctvrtlik acted as the seller. The transaction was facilitated by Institutional Property Advisors, a division of Marcus & Millichap, who played a crucial role in bringing the buyer and seller together.
On the Map
$73,250,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93