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3020 Cottage Place

Gencap Properties Acquires Multifamily Asset From The Walden Group In Greensboro For $8.15M
SOLDMultiFamily

Gencap Properties Acquires Multifamily Asset From The Walden Group In Greensboro For $8.15M

3020 Cottage Place

$8,150,000

$115/SF

Building Size

70,544 SF

Asset Type

MultiFamily

Closing

Dec 23, 2025

AI

The property located at 3020 Cottage Place in Greensboro, NC, is a multifamily asset consisting of 80 units. The total square footage of the property is 70,544, with a price per unit of $101,875 and a price per square foot of $115. The sale was finalized on 12/24/2025 for a total price of $8,150,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,150,000
  • Buyer: Gencap Properties - Sam Berman
  • Seller: The Walden Group
  • Brokers: David Wildes, Aaron Jungreis, Steve David & Jacob Vogel - Rosewood Realty Group
  • Units: 80
  • Square Footage: 70,544
  • Price Per Unit: $101,875
  • Price Per Square Foot: $115

Key individuals involved in the transaction include Sam Berman of Gencap Properties, representing the buyer, and The Walden Group as the seller. The transaction was facilitated by the brokerage team from Rosewood Realty Group, which included David Wildes, Aaron Jungreis, Steve David, and Jacob Vogel.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Greensboro 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

1.95%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93