Updated Oct 28, 2024
Blackfin Real Estate Investors Sells Greensboro, NC Multifamily For $67M With Cushman & Wakefield
5939 West Friendly Avenue, Greensboro, North Carolina 27410, United States
$67,000,000
Units
502
Asset Type
MultiFamily
Closing
Oct 6, 2022
About this deal
AI
The multifamily property located at 5939 W Friendly Ave in Greensboro, NC has been sold in a closed transaction. The property, consisting of 502 units, was sold by Blackfin Real Estate Investors for a total price of $67,000,000. This translates to a price per unit of $133,466.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,000,000
- Address: 5939 W Friendly Ave, Greensboro, NC
- Market: Greensboro, NC
- Seller: Blackfin Real Estate Investors
- Brokers: Richard Montana, Hunter Bowling & Paul Marley - Cushman & Wakefield
- Units: 502
- Price per Unit: $133,466
The sale was facilitated by the Cushman & Wakefield team, represented by brokers Richard Montana, Hunter Bowling, and Paul Marley. The deal highlights the significant transaction in the multifamily market in Greensboro, NC.
On the Map
$67,000,000
MultiFamily
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Players
Greensboro 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93