Updated Sep 17, 2026
Avison Young Markets 302-Unit Savoy Apartments Multifamily Sale In Uptown Charlotte
650 East Brooklyn Village Avenue
Units
302
Asset Type
MultiFamily
Closing
Sep 16, 2026
About this deal
AI
The transaction involves the sale of a multifamily asset at 650 East Brooklyn Village Avenue, a Class A property consisting of 302 units located in the Charlotte, NC market. The asset is over 95% occupied and features four ground-floor retail suites, along with resort-style amenities, coworking space, fitness facilities, pet amenities, and covered parking.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 302
- Address: 650 East Brooklyn Village Avenue
- Market: Charlotte, NC
- Brokers: James Nelson, Erik Edeen, James Hanson, Steven Peden & Kim Troeller - Avison Young
The brokers representing the transaction, Avison Young, have been engaged to market the Savoy Apartments, highlighting its occupancy status and array of amenities. The community includes units ranging from studios to three bedrooms and is structured as a six-story building situated in Uptown Charlotte’s Second Ward.
Players
Charlotte 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93