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:
- Property Type: MultiFamily
- Transaction Amount: $8,750,000
- Units: 59
- Price per Unit: $148,305
- Buyer: DreamKey Partners
- Seller: Nu Partners
- Brokers: Ron Corrao, Matthew (Matt) Weinstein, Eric Liebich, Dane Lozier & Dane Lozier - NorthMarq
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
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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