Updated Oct 28, 2024
New England Investment Partners Acquires Multifamily Property In Raleigh For $21.5M
9330 Brier Oak Place, Raleigh, North Carolina 27617, United States
$21,500,000
Units
144
Asset Type
MultiFamily
Closing
Sep 19, 2022
About this deal
AI
The multifamily property located at 9330 Brier Oak Place in Raleigh, NC was recently sold for a transaction amount of $21,500,000. The property consists of 144 units with a price per unit of $149,306.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Address: 9330 Brier Oak Place, Raleigh, NC
- Market: Raleigh, NC
- Units: 144
- Price per Unit: $149,306
New England Investment Partners acted as the buyer in this transaction, while The Pendergraph Cos. of Raleigh represented the seller.
Players
Raleigh 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93