Continental Realty Corporation Acquires Multifamily Property In Raleigh, NC For $36.5M
600 Saint Marys Street, Raleigh, North Carolina 27605, United States
$36,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 8, 2022
AI
The multifamily property located at 600 St Marys St in Raleigh, NC has been sold for a total price of $36,500,000. The property consists of 65 units, resulting in an average price per unit of $561,538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Address: 600 St Marys St, Raleigh, NC
- Market: Raleigh, NC
The buyer of the property is Continental Realty Corporation, while the broker representing the transaction is Dean Smith from Newmark.
Players
Raleigh MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93