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1305 Hunter Oaks Lane

AJS Equities And H Equities Acquire Multifamily Property In Charlotte For $12.3M
SOLDMultiFamily

AJS Equities And H Equities Acquire Multifamily Property In Charlotte For $12.3M

1305 Hunter Oaks Lane

$12,300,000

Building Size

Asset Type

MultiFamily

Closing

Jan 12, 2023

AI

The multifamily property located at 1305 Hunter Oaks Lane in Charlotte was recently sold in a closed transaction. The sale price for this property was $12,300,000. This multifamily asset consists of 94 units, resulting in a price per unit of $130,851.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,300,000
  • Address: 1305 Hunter Oaks Lane
  • Market: Charlotte

The buyers involved in this transaction were AJS Equities represented by Abe Serouya & Sonny Safdeye, and H Equities represented by Elliot Horowitz & Morris Sutton. The seller in this deal was Joshua Friedensohn. The brokerage team responsible for facilitating this transaction was Austin Green & Alex McDermott from Cushman & Wakefield.

Players

Alex McDermott

Cushman & Wakefield

Broker

$217.5M

vol

4 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

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93