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Cedar Group Capital Purchases 1325 Kent Road Multifamily Property In Raleigh For $8.8M

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SOLD
$8,800,000

North Carolina

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MultiFamily33,753 SF
Sold 08/28/2024
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Property Image
SOLD

Cedar Group Capital Purchases 1325 Kent Road Multifamily Property In Raleigh For $8.8M

1325 Kent Road

See Similar Deals
MultiFamily33,753 SF
Sold 08/28/2024
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:33,753 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 1325 Kent Road in Raleigh, NC. The sale price was $8,800,000, which translates to $137,500 per unit. The property consists of 64 units and has a total square footage of 33,753, equating to a price per square foot of $260.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,800,000
  • Units: 64
  • Price per Unit: $137,500
  • Square Footage: 33,753
  • Price per Square Foot: $260
  • Buyer: Cedar Group Capital
  • Seller: Enclave Holdings
  • Buyer's Representative: Joseph Moskowitz - Rosewood Realty Group
  • Seller's Representatives: Steve David & Jacob Vogel - Rosewood Realty Group

The key individuals in this transaction include Joseph Moskowitz representing the buyer, Cedar Group Capital, and the seller, Enclave Holdings, was represented by Steve David and Jacob Vogel, both from Rosewood Realty Group.

Players

Jacob Vogel
7 deals$222.9M volume
BROKER

Steve David
Rosewood Realty Group
9 deals$228.4M volume(212) 359-1781
BROKER

Joseph Moskowitz
Rosewood Realty Group
1 deal$8.8M volume(212) 359-9900
BROKER

Details

SOLD
IMAGE: Steve David, Joseph Moskowitz & Jacob Vogel DATE: 08/28/2024 ADDRESS: 1325 Kent Road MARKET: Raleigh, NC ASSET TYPE: Multifamily BUYER: Cedar Group Capital SELLER: Enclave Holdings BUYER'S REP: Joseph Moskowitz - Rosewood Realty Group (@RosewoodRG) SELLER'S REP: Steve David & Jacob Vogel - Rosewood Realty Group SALE PRICE: $8,800,000 UNITS: 64 ~ PPU: $137,500 SF: 33,753 ~ PPSF: $260

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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