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1052 Mc Quay Street

DreamKey Partners Acquires MultiFamily Asset Nu Wesley In Charlotte For $8.75M
SOLDMultiFamily

DreamKey Partners Acquires MultiFamily Asset Nu Wesley In Charlotte For $8.75M

1052 Mc Quay Street

$8,750,000

Building Size

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The property asset involved in the transaction is a multifamily asset named Nu Wesley, located at 1052 Mc Quay Street, Charlotte, NC. The sale occurred on December 22, 2025, with a transaction amount of $8,750,000 for the 59 units, yielding a price per unit of $148,305. The building was constructed in 1964 and is situated in Wesley Heights, an area known for its easy access to major highways and amenities, as well as a growing neighborhood.

Summary of transaction details:

The deal was facilitated by the NorthMarq Charlotte Multifamily Investment Sales team, featuring brokers Ron Corrao, Matt Weinstein, Eric Liebich, and Dane Lozier, who represented the seller, Nu Partners. Their involvement highlights the strong demand for value-add multifamily assets within the Charlotte market.

Players

Ron Corrao

NorthMarq

Broker

$274.9M

vol

13 deals

Broker

Charlotte 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

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93