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609 Easy Street

SOLDMultiFamily

Kevin Dean Of RockBridge Investment Group Acquires Concord Multifamily Properties From Daniel Hirschberg

609 Easy Street & 1915 Pine Bough Lane

Building Size

Asset Type

MultiFamily

Closing

Jul 29, 2026

AI

The transaction involved the acquisition of two multifamily properties in Concord, North Carolina. The properties are located at 609 Easy Street, which includes two-bedroom units known as Meadow Creek Townhomes, and at 1915 Pine Bough Lane, which offers one- and two-bedroom apartments under the name Northway at Cabarrus. The sales prices for these transactions were not disclosed.

Summary of transaction details:

The deal represents an off-market transaction, showcasing the activity of RockBridge Investment Group in expanding their portfolio through these multifamily acquisitions. The properties included Meadow Creek Townhomes and Northway at Cabarrus, both secured through the brokerage services of Berkadia, demonstrating the firm's capability in managing such transactions.

Players

Caleb Troop

Berkadia

Broker

$495.8M

vol

10 deals

Broker
Kevin Dean

Kevin Dean

RockBridge Investment Group

Buyer

1 deal

Buyer
Daniel Hirschberg

Daniel Hirschberg

Wickenden Partners

Seller

1 deal

Seller

Santa 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