Updated Oct 28, 2024
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
About this deal
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.
The multifamily sale at 800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada in Fredericton, New Brunswick sold for $36.5M in 2022. 800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada is classified as Multifamily on Traded. Dean Smith, Newmark, Continental Realty Corporation appear on the sale alongside Newmark, Continental Realty Corporation. This page is the Fredericton, New Brunswick file for the 800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fredericton sit in the Market section below. Filter that Fredericton multifamily set by closing date to see what else sold near 800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada around 2022. Published consideration for 800 Saint Mary's Street, Fredericton, New Brunswick E3 G 8 S8, Canada is $36.5M, dated 2022. Cite this Continental Realty Corporation Acquires Multifamily Property On St Marys St For $36.5M sale when underwriting similar multifamily product around Fredericton, New Brunswick.
Players
Fredericton 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93