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
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