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650 East Brooklyn Village A...

Updated Sep 17, 2026

SOLDMultiFamily

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:

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.

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Players

James Nelson

Avison Young

Broker

$2.1B

vol

89 deals

Broker

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

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