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100 Foxwood Drive

Updated Aug 8, 2025

Merion Realty Partners Acquires Clifton Park Multifamily Property From Solomon Organization For $82.4M
SOLDMultiFamily

Merion Realty Partners Acquires Clifton Park Multifamily Property From Solomon Organization For $82.4M

100 Foxwood Drive & 1688 Halfmoon Parkway

$82,400,000

$158/SF

Building Size

368,316 SF

Asset Type

MultiFamily

Closing

Jul 9, 2025

About this deal

AI

The property asset involved in this transaction consists of two multifamily buildings located at 100 Foxwood Drive and 1688 Halfmoon Parkway in the Clifton Park market. The sale was finalized for a total amount of $82,400,000, encompassing 666 units within a combined square footage of 518,598. This results in a price per unit of $123,724 and a price per square foot of $159.

Summary of transaction details:

The deal featured key individuals representing both sides, with brokers Niko Nicolaou, Ryan Dowd, Peter Welch, and Alexandria Ebers associated with Cushman & Wakefield, while Jonathan Weinstein, Robert Stewart, and Joseph Mahoney represented the transaction through Pyramid Brokerage Company. The collaborative efforts of these professionals facilitated the successful completion of the sale.

On the Map

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$82,400,000

$158/SF

MultiFamily

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Players

Niko Nicolaou

Cushman & Wakefield

Broker

$2.5B

vol

40 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
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Clifton Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $158 per square foot on a published $82.4M for 518,598 square feet (2025).

Visit Ryan Dowd to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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