Updated Oct 13, 2026
Multifamily Property At 5628 Newton Creek Drive Sells For $15.1 Million In Charlotte
5628 Newton Creek Drive
$15,100,000
$157/SF
Building Size
96,140 SF
Asset Type
MultiFamily
Closing
May 7, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily property located at 5628 Newton Creek Drive in Charlotte, NC. The sale was completed for a price of $15,100,000. The asset contains 55 units with a price per unit of $274,545. Additionally, the total square footage of the property is 96,140, resulting in a price per square foot of $157.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,100,000
- Units: 55
- Price Per Unit: $274,545
- Square Footage: 96,140
- Price Per Square Foot: $157
The deal was facilitated by brokers Casey Sherman, Max La Cava, and William Martin, representing JLL in the transaction. Their involvement underscores the expertise behind the successful completion of this multifamily asset sale.
On the Map
$15,100,000
$157/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93