Friedlam Partners Acquires Multifamily Asset In Hickory NC For $7.53M From Northway Multifamily

The property asset involved in this transaction is a multifamily unit located at 1445 4th Street Drive Northwest in Hickory, NC. The sale price was $7,533,000 for a total of 93 units. The square footage of the asset is 101,900, resulting in a price per unit of $81,000 and a price per square foot of $73.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,533,000
• Units: 93
• Square Footage: 101,900
• Price Per Unit: $81,000
• Price Per Square Foot: $73
• Buyer: Friedlam Partners
• Seller: Northway Multifamily - Cyrus Mojdehi & Danny Hirschberg
• Broker: Gavin Conlon - Cushman & Wakefield

This transaction involved key individuals such as Cyrus Mojdehi and Danny Hirschberg, who represented the seller. Gavin Conlon acted as the broker for the deal, representing the buyer, Friedlam Partners, thus facilitating the transaction in the multifamily market segment.