Nu Partners Acquires Multifamily Property On Parkway Avenue For $5.35M
3001 Parkway Ave, Charlotte, NC 28208, USA
$5,350,000
$121/SF
Building Size
44,000 SF
Asset Type
MultiFamily
Closing
Nov 17, 2022
AI
The multifamily property located at 3001 Parkway Avenue in Charlotte, NC has been sold in a closed transaction. The property spans 44,000 square feet and was sold for a price of $5,350,000, resulting in a price per square foot of $122.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 3001 Parkway Avenue, Charlotte, NC
- Market: Charlotte, NC
- Buyer: Nu Partners
- Seller: Lucern Capital Partners - Frank Forte, Mark Callazzo & David Hansel
- Broker: Ron Corrao - Capstone Companies
- Square Footage: 44,000
- Price per Square Foot: $122
The buyer of the property is Nu Partners, while the seller is Lucern Capital Partners, represented by Frank Forte, Mark Callazzo, and David Hansel. The transaction was facilitated by Ron Corrao from Capstone Companies.
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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93