Continental Realty Corporation Acquires Multifamily Property On St Marys St For $36.5M
800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada
$36,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 26, 2022
AI
The multifamily property located at 800 St Marys St in Raleigh, NC has been sold for a total of $36,500,000. The property is owned by Continental Realty Corporation and was listed for sale by broker Dean Smith of Newmark.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Market: Raleigh, NC
This deal was facilitated by Dean Smith of Newmark, who represented Continental Realty Corporation in the transaction.
Players
Fredericton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93