Updated Aug 31, 2026
Nathan Friedman Of Friedlam Partners Acquires Brockwood Apartments In Roxboro For $8M
390 Henderson Road
$8,000,000
Units
90
Asset Type
MultiFamily
Closing
Aug 29, 2026
About this deal
AI
The multifamily asset involved in this transaction is the Brockwood Apartments, located at 390 Henderson Road in Roxboro, NC. This property was built in 1974 and includes 90 units, with a per-unit price of $88,889. The sale price for the property was $8,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 390 Henderson Road
- Market: Roxboro, NC
- Units: 90
- Price Per Unit: $88,889
- Buyer: Nathan Friedman - Friedlam Partners
- Seller: Brockwood NC LLC
This transaction was made through Roxboro Holdings 90 LLC, associated with the buyer, Friedlam Partners. The seller, Brockwood NC LLC, previously acquired the property for a similar amount in March 2022.
Players
Henderson 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93