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
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