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138 Sloop Street

TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M
SOLDMultiFamily

TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M

138 Sloop Street

$10,800,000

$109/SF

Building Size

98,250 SF

Asset Type

MultiFamily

Closing

Oct 28, 2022

AI

A multifamily property located at 138 Sloop Street in Elkin, NC has been sold for a price of $10,800,000. The property spans an area of 98,250 square feet, resulting in a price per square foot of $110.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Address: 138 Sloop Street, Elkin, NC
  • Market: Elkin, NC
  • Brokers: Samuel Finkler, Audley Clarke, Andrew Hyans - TrueRate Investments Sales
  • SF: 98,250
  • PPSF: $110

Samuel Finkler, Audley Clarke, and Andrew Hyans from TrueRate Investments Sales represented the parties involved in the transaction.

Players

Samuel Finkler

Besen Partners

Broker

$151.1M

vol

33 deals

Broker

Elkin 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

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93