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Daniel Hirschberg & Cyrus Mojdehi Acquire Multifamily In Concord For $4.625M

Property Image
SOLD
$4,625,000

North Carolina

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MultiFamily40,000 SF
Sold 05/24/2024
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Property Image
SOLD

Daniel Hirschberg & Cyrus Mojdehi Acquire Multifamily In Concord For $4.625M

MultiFamily40,000 SF
Sold 05/24/2024
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$115
Total Square Footage:40,000 SF
Transaction Type:Sale

The multifamily property located at 1919-1921 Pine Bough Lane in Concord, NC, was sold for $4,625,000. The property consists of 44 units spanning 40,000 square feet, with a price per unit of $105,114 and a price per square foot of $116. The transaction took place between buyers Daniel Hirschberg & Cyrus Mojdehi of Wickenden Partners and the seller, GVA Real Estate Group. Brokers John Phoenix & Gavin Conlon of Cushman & Wakefield facilitated the sale.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,625,000
  • Units: 44
  • Price per Unit: $105,114
  • Square Footage: 40,000
  • Price per Square Foot: $116
  • Address: 1919-1921 Pine Bough Lane, Concord, NC
  • Buyer: Daniel Hirschberg & Cyrus Mojdehi - Wickenden Partners
  • Seller: GVA Real Estate Group
  • Broker: John Phoenix & Gavin Conlon - Cushman & Wakefield

The deal involved key individuals in the real estate transaction, including Daniel Hirschberg and Cyrus Mojdehi as the buyers representing Wickenden Partners. On the selling side was GVA Real Estate Group. The intermediaries, John Phoenix and Gavin Conlon from Cushman & Wakefield, played crucial roles in facilitating the successful sale of the multifamily property in Concord, NC.

Players

John Phoenix
5 deals$155.2M volume(919) 210-7806
BROKER

Gavin Conlon
Marcus & Millichap
2 deals$45.4M volume
BROKER

Details

SOLD
IMAGE: John Phoenix, Daniel Hirschberg, Cyrus Mojdehi & Gavin Conlon DATE: 05/24/2024 ADDRESS: 1919-1921 Pine Bough Lane MARKET: Concord, NC ASSET TYPE: Multifamily BUYER: Daniel Hirschberg & Cyrus Mojdehi - Wickenden Partners SELLER: GVA Real Estate Group BROKER: John Phoenix & Gavin Conlon - Cushman & Wakefield (@CushWake) SALE PRICE: $4,625,000 UNITS: 44 ~ PPU: $105,114 SF: 40,000 ~ PPSF: $116

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