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

Property Image
SOLD
$8,750,000
Eric Liebich
Ron Corrao
+ 1

North Carolina

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MultiFamily
Sold 12/22/2025
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Property Image
SOLD

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

1052 Mc Quay Street

See Similar Deals
MultiFamily
Sold 12/22/2025
Eric Liebich
Ron Corrao
+ 1
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale

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
13 deals$274.9M volume(757) 749-6994
BROKER

Eric Liebich
NorthMarq
11 deals$257.3M volume(704) 935-7019
BROKER

Matthew (Matt) Weinstein
NorthMarq
5 deals$104.4M volume(704) 935-7026
BROKER

Dane Lozier
NorthMarq
6 deals$117.8M volume(704) 935-7024
BROKER

Details

SOLD
IMAGE: 12/22/2025 ADDRESS: 1052 Mc Quay Street MARKET: Charlotte, NC ASSET TYPE: MultiFamily BUYER: DreamKey Partners SELLER: Nu Partners BROKERS: Ron Corrao, Matthew (Matt) Weinstein, Eric Liebich, Dane Lozier & Dane Lozier - NorthMarq SALE PRICE: $8,750,000 UNITS: 59 ~ PPU: $148,305 NOTE: The Northmarq Charlotte Multifamily Investment Sales team, led by Corrao, Weinstein, Liebich, Lozier, and Fuller, sold Nu Wesley for $8.75 million, representing strong demand for value-add multifamily assets in Charlotte. Nu Wesley, built in 1964 with 59 units, is located in Wesley Heights near Uptown Charlotte, offering easy access to major highways, amenities, and a rapidly growing neighborhood.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$466,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57