Updated Oct 28, 2024
Crescent Communities Sells Multifamily Property In Charlotte, NC For $140M
4015 Craft Street, Charlotte, North Carolina 28217, United States
$140,000,000
Units
344
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
The multifamily property located at 4015 Craft St in Charlotte, NC was sold on September 16, 2022. The property, owned by Crescent Communities, was sold for a total price of $140,000,000. The property consists of 344 units, with a price per unit of $406,977.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $140,000,000
- Units: 344
- Price Per Unit: $406,977
Crescent Communities acted as the seller in this transaction. The sale of the multifamily property in Charlotte, NC was a significant deal in the real estate market.
On the Map
$140,000,000
MultiFamily
View full map
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse North Carolina multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93