Updated Sep 11, 2026
Read Property Group Acquires Multifamily Property In Greece For $20.4M
900 Calm Lake Circle
$20,400,000
$74/SF
Building Size
275,660 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
The acquisition of a multifamily property located at 900 Calm Lake Circle in Greece has been finalized. The property spans a total area of 275,660 square feet and boasts a total of 356 units. The transaction was completed on 03/31/2023.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $20,400,000
- Market: Greece
The loan for this acquisition was provided by Arbor Commercial Bank, with Eric Regenbogen serving as the representative. The Read Property Group, represented by Robert Wolf, acted as the landlord in this deal. The brokerage services were provided by Brad Domenico of Progress Capital.
On the Map
$20,400,000
$74/SF
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93