facebook
Traded Co logo
Submit

TriWest Multifamily Acquires 4616 Stoney Trace Drive Multifamily Asset For $59.8M

Property Image
SOLD
$59,800,000

North Carolina

See Similar Deals
MultiFamily384,000 SF
Sold 12/30/2024
the dealplayerscompscontact
Property Image
SOLD

TriWest Multifamily Acquires 4616 Stoney Trace Drive Multifamily Asset For $59.8M

4616 Stoney Trace Drive

See Similar Deals
MultiFamily384,000 SF
Sold 12/30/2024
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:384,000 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 4616 Stoney Trace Drive in the Charlotte, NC market. The sale price was $59,800,000, with a total of 380 units. The property encompasses a total square footage of 384,000, resulting in a price per unit of $157,368 and a price per square foot of $155.

Summary of transaction details:

This transaction involved significant representation from the brokerage firm Base Realty Group, with Jonathan Brody, Michael Schattner, and Shlomo Mansbach playing key roles in facilitating the deal between TriWest Multifamily and Bridge Investment Group.

Players

Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER

Michael Schattner
Base Realty Group
24 deals$677.6M volume(917) 805-8730
BROKER

Shlomo Mansbach
Base Realty Group
3 deals$105.4M volume(516) 640-9522
BROKER

Details

SOLD
IMAGE: Jonathan Brody, Shlomo Mansbach & Michael Schattner DATE: 12/30/2024 ADDRESS: 4616 Stoney Trace Drive MARKET: Charlotte, NC ASSET TYPE: Multifamily BUYER: TriWest Multifamily SELLER: Bridge Investment Group BROKERS: Jonathan Brody (@JonathanJBrody), Michael Schattner (@Michael_SchattnerNYC) & Shlomo Mansbach - Base Realty Group SALE PRICE: $59,800,000 UNITS: 380 ~ PPU: $157,368 SF: 384,000 ~ PPSF: $155

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,189,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$212,456.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$283,482.51
Annual Debt Service$3,401,790.10