DHM Properties Sells 64 Unit Multifamily Property In Fayetteville For $7.9 Million
510 Warren Street
$7,900,000
$98/SF
Building Size
80,000 SF
Asset Type
MultiFamily
Closing
Oct 29, 2024
AI
The property asset involved in this transaction is a multifamily building located at 510 Warren Street in Fayetteville. The property consists of 64 units and encompasses a total square footage of 80,000. The sale price for this asset was $7,900,000, which translates to a price per unit of $123,437 and a price per square foot of $98.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Units: 64
- Square Footage: 80,000
- Price Per Unit: $123,437
- Price Per Square Foot: $98
- Seller: DHM Properties
- Brokers: Michael Hunter Coghill & Chad Sinsheimer - Adirondack Capital Partners
- Date of Sale: 10/29/2024
Michael Hunter Coghill and Chad Sinsheimer represented the seller, DHM Properties, in this transaction. Their involvement as brokers facilitated the deal in the Fayetteville market.
Players
Fayetteville 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93