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Frank Forte Of Lucern Capital Acquires 102-Unit Multifamily Property In Charlotte For $10.2M

Property Image
SOLD
$10,200,000

North Carolina

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MultiFamily6,667 SF
Sold 05/19/2020
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Property Image
SOLD

Frank Forte Of Lucern Capital Acquires 102-Unit Multifamily Property In Charlotte For $10.2M

1035 Marble St, Charlotte, NC, USA

See Similar Deals
MultiFamily6,667 SF
Sold 05/19/2020
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$1,529
Total Square Footage:6,667 SF
Transaction Type:Sale

A multifamily property located at 1035 Marble St. in Charlotte, NC was recently sold for a price of $10,200,000. The transaction took place on 05/19/2021 and involved a total of 102 units. The sale price per unit was $100,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,200,000
  • Address: 1035 Marble St., Charlotte, NC
  • Market: Charlotte, NC
  • Buyer: Frank Forte - Lucern Capital
  • Seller: Daryl Pittman
  • Brokers: Jonathan Brody & Dovi Aizenman from RosewoodRG

The buyer of the property was Frank Forte, representing Lucern Capital, while the seller was Daryl Pittman. The brokers involved in the deal were Jonathan Brody and Dovi Aizenman from RosewoodRG.

Players

Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER

Dovi Aizenman
1 deal$10.2M volume
BROKER

Rosewood Realty Group
BROKERAGE

Frank Forte
8 deals$85.7M volume
BUYER

Details

SOLD
IMAGE: Jonathan Brody, Frank Forte & Dovi Aizenman DATE: 05/19/2021 ADDRESS: 1035 Marble St. MARKET: Charlotte, NC ASSET TYPE: Multifamily BUYER: Frank Forte - Lucern Capital SELLER: Daryl Pittman BROKERS: Jonathan Brody & Dovi Aizenman @RosewoodRG SALE PRICE: $10,200,000 UNITS: 102 ~ PPU: $100,000

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Debt Service Coverage Ratio (DSCR)

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